english french german greek italian lithuanian russian serbian spanish
Accueil arrow In Brief arrow Turkish Economy Falling Down again, in a Context which is No more that of 1999/2001...

Turkish Economy Falling Down again, in a Context which is No more that of 1999/2001...

Ecrit par ACM
lundi, 18 mai 2015
bad_economic_trend_in_dark_context__red_version_400


*A News-Viewpoint/- Falling growth, Serious Trade Deficit, Higher Inflation, and constantly Growing Unemployment, are among the factors which obviously push towards more Social Tensions and Unrest in Turkey :


F.ex., among others, instead of the more than +10 % of Growth that had been reached in a few Past years, now Turkey struggles with only 2,9%. But, given the State's policy to push for more and more Births, Turkey generaly needs at least 5% of Growth in order to absorb the number of Youngsters arriving each year at the Labour Market, (unless it exports them to Europe via Mass Migration)...


In addition, "an unexpected Leap" in Turkey's "current account Deficit", reportedly "caused by a severe Fall in Exports", "surprised" the markets this May, which have seen, in general, "the Slowdown to have Intensified in 2015"


Thus, Unemployment, rising steadily during the last 5 Years, reached almost 12 % at the beginning of 2015, i.e. the Highest level since before 2010, affecting more than 3,3 Millions of workless aged "15 - 64", (while among Young people aged 15 - 24, the Unemployment has passed over 20%).


The problem is that, at the same time, Inflation jumped up to more than + 7,63% annualy, while Consumers' Prices augmented + 1,63% only on April, (fuelled also by a Devaluation of the Turkish Lira, whose Weakening makes Imports more Expensive), with reportedly "Record High Prices for Food", etc.


To the point that experienced observers were led to count on "Informal" Social Aid networks for the "worst affected" among the extending number of needy.
Recently, this goes on almost Every Day, confirming a gradual Trend towards a Worsening of the situation : F.ex., Lira stood at 2.5785 against US Dollar last Friday evening, but immediately Fell down to 2,5830 for 1 USDollar Today early Morning, while, on the contrary, Turkish Government's 10-year Bonds yield rose from 8,96 % on Friday, up to 8,99 % this Monday, persisting to slowly but continuously restrict the money available in the market, as Turkish State's Deficit may become Higher than the almost - 9 Billions USA $ predicted now by Ankara.


Thus, among various other concrete examples, 2 Turkish Factories assembling Italian and French Cars for "Fiat" and "Renault", still "remained" Blocked Yesterday, "as (Turkish) Workers protested employment conditions", reported Reuters earlier this Monday.


If these recent Trends persist longer, the aggravation of Economic and Social problems in Turkey, (given also the current overall Context in its Surrounding Area), may become, sooner or later, Worse even than the 1999-2001 Big "Krach", from which, controversial Economist Dervis, a long-time Global bodies' Bureaucrat, struggled to get Turkey out, thanks to IMF Austerity, profiting from an unprecedented Mass Destruction of unsustainable Traditional Industry after Izmit area's Historic Earthquake, which notoriously Killed more than 30 Thousands of mainly Poor People, and from an equally unprecedented massive influx of EU Funds, thanks to a controversial attribution of a Status of EU "Accession Candidate" to Ankara then, (etc).


But, Today, on  2015, none of those exceptional factors of the Past can't exist, no more, with a more Critical than ever EU Parliament elected last May 2014, and  particularly after the recent British Elections, where a strong Majority of British People voted for even more EU Financial Austerity and Mass Immigration Restrictions, earlier this Month...


In this new context, EU Parliament's forthcoming Debates and Votes on EU Commission's 2015 Report on Turkey's political and economic developments and prospects, next week in Strasbourg, must examine the situation more seriously than before.

 

(../..)

 

EuroStars-Eureka

Statistics

Visiteurrs: 53688478

Archive

Login Form





Se souvenir de moi

Perdu votre mot de passe?
Pas encore de compte? Enregistrez-vous

Syndicate

RSS 0.91
RSS 1.0
RSS 2.0
ATOM 0.3
OPML

Other Menu

"energy__sust_dev_pe_fra_stras_meet_poster_400

   

    Strategically located between Paris and Prague, Strasbourg offered a natural location for the French and Czech EU 2008 and 2009 Presidencies to tune their agendas for a resolute European move towards Renewable Energies, during an exceptional Joint Parliamentary meeting on "Energy and Sustainable Development", co-organized here by the Presidents of EU Parliament, Hans Gert Poettering, French National Assembly, Bernard Accoyer, and Senate, Gerard Larcher, on November 20 and 21.

    Concluded by a busy-looking French super-Minister of Energy, Environment and Regional planning, Jean-Louis Borloo, the exceptional gathering of Top MPs from all 27 EU States' Parliaments hoped that a Ministerial meeting prepared by Borloo, will pave the way to an overall agreement at the level of EU Heads of State and Government Summit chaired on December 2008 by French President Nicolas Sarkozy, allowing the next EU chair, the Czech Republic, to start working from the beginning of 2009 on concrete measures.   

Speaking to "EuroFora" President Accoyer resumed the general feeling by stressing that "Europe has no Oil-Gas resources, but an important Scientific-Technologic potential. Therefore, we must develop Renewable Energy sources". "Since the Sun is the most abundant and free RES,  we must do the outmost to boost Solar Energy" solutions, he added, at the eve of a special meeting on Solar energy and the Mediterranean organised by Borloo on Saturday.     

Oil-gas supplies' security and diversification were also examined by the EU gathering, after which, President Accoyer replied  to our question on risks of long, expensive and fragile pipe-lines' projects, crossing through foreign countries out of the EU, compared to new possibilities for Sea and River Ship direct EU transport even of Gas, thanks to New Liquification technologies : - "We have just écreated the Union for the Mediterranean for concrete projects like these", Accoyer stressed, speaking of Sea-River Ship Highways, fundeable under EU's TENS programs.     

 Rapporteur on "Energy innovation and sustainable development", Dr. Bedrich Moldan, vice-President of Czech Senate's Environment and Regional Development Committee, added that Climat issues, price uncertainties and diminution of accessible Fossil energies, played together with EU's RST potential in order to make RES both a need and "an opportunity". However, in cases as "Solar Energy, even if the main Scientific ideas are already here, we have to make some technologic breakthroughs in order to find how to produce it on a large scale, store and transport it", Dr. Moldan added to "EuroFora".     

Czech interest for RES was also expressed, earlier in Strasbourg, by Jan Kohout, the deputy Minister pf Foreign Affairs who participated to a workshop on "Renewable Energies" organized by the French EU 2008 Presidency : - "The focus is on Development", he told us.    

On this and other RES issues, Dr. Moldan anounced the Czech EU 2009 chair's intention to organize an important 2-days Conference on Renewable Energies and Sustainable Development late January 2009 at nearby Prague.                

Polls

2009 EU Elections were won by Parties against Technocracy and Turkey's controversial EU bid, while the 1999-2004 Majority Abstention trend decelerated. What should be done in 2009-2014 ?

Résultats

SMF Recent Topics SA

Copyright (c) 2007-2009 EIW/SENAS - EuroFora.net. All rights reserved. ISSN 1969-6361.
Powered by Elxis - Open Source CMS.