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Wednesday 22 December 2021

Turkey's Unravelling Economy

 




A clear and comforting summary of economic woes in Turkey. Comforting because it reminds us that our government could be much worse. 

5 comments:

Sam Vega said...

Our government would be far worse if it took a reasonably performing economy and introduced even half the problems the Turkey is experiencing.

Always worth remembering that Boris is from Turkish stock.

DiscoveredJoys said...

And yet Boris is heavily criticised for being Wishy Washy (a panto joke, sorry). Perhaps strong leaders are not always a good thing, Turkey is stuffed (a Christmas joke, sorry).

Scrobs. said...

I'm not entirely sure where Turkey is!

I did Latin instead of geography at 'O'Level, you see!

I did ring a mate once, and while the mobile phone bill clocked up thousands of pounds, he explained to me that he was in a bar in Istanbul, and enjoying a cooling beer!

Doonhamer said...

Turkey has always been like this. First went to work there by the shores of Black Sea and Chernobyl burst to the North of us.
Every evening our bar chitty, only for local beer would run to tens, if not hundreds of millions.
Later the government fixed this by shifting the decimal point on their currency 6 or 8 to the left.
Was last there in 1992 and situation the samd. Bottle of local beer near a million.
Then the decimal point migrated again.
Then the trick was to take loads of English 10 or 20 pound notes or ditto US Dollars and change them as you needed on the street. I am sure the locals quickly exchanged any local Lire the got lumbered with.
The Turks are lovely people. Shame about recent religious swing.

A K Haart said...

Sam - yes and he seems to be okay with the current Turkish regime.

DJ - we expect too much from leaders, as if we think we don't need to back them up by voting for capable MPs.

Scrobs - I should have done Latin instead of geography, but I think Turkey is somewhere to the right of us if you look at the globe.

Doonhamer - a few decades ago I knew a chap who had worked in Turkey and had fond memories of his time there. He said walking home after a Turkish coffee was like walking on air.