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Perşembe, Kasım 21, 2024
Turkey's dire situation
The ruling party officials said that countries like America, England, France, Germany were jealous of Turkey, millions of party members believed this. While the real inflation was 150 percent in my opinion, TÜİK announced it as 85 percent, in that environment the Central Bank reduced the interest rate it lent to banks to nine percent, then to eight and a half percent, the deposit interest rate of savers remained below twenty percent, as a result inflation got out of control; since civil servant, worker and pension salaries were determined according to TÜİK inflation rates, the purchasing power of wage earners eroded, and it became very difficult for tenants to survive. Turkey's foreign debts also swelled, and while there was such a dire economic outlook, millions of Syrians, Afghans, ... refugees were allowed to cross the border into Turkey, and no one probably knows the number.
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