The great tragedy of Turkey’s latest economic crisis is that it has come just too late to influence the outcome of recent elections, and that, far from dethroning a corrupt and incompetent autocrat, it might, despite the inevitable years of economic hardship that now lie ahead, even bolster his position, irretrievably turning the country Eastwards and away from the Western, secular traditions of modern day Turkey’s founding father, Mustafa Kemal Atatürk.
Erdogan is fast shaping up to be the Mediterranean’s next Nasser, further destabilising a region already wracked by economic/tribal/religious rivalry and war. It would only require him to seize the US nuclear base at Incirlik, as Gamal Abdel Nasser did the Suez canal, to complete the picture.
Erdogan is fast shaping up to be the Mediterranean’s next Nasser, further destabilising a region already wracked by economic/tribal/religious rivalry and war. It would only require him to seize the US nuclear base at Incirlik, as Gamal Abdel Nasser did the Suez canal, to complete the picture.
Many Balkan banks are tied to turkey's banking system and economy. We will see how that plays out.
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