

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

*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.
(../..)
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It's at a splendid Natural landscape, inside a Forest plateau with superbe view over Paris, at Saint Cloud, that the incoming French EU Presidency had the good idea to join together all EU Member Countries' Ministers of Environment and Energy, in two overlaping EU Councils in a series, from 3 to 5 July 2008.
Fresh rain happily dissipated July's heatwave, before a bright Sun shined at the conclusion of the EU gathering around a huge statue of Earth (See Photo).
French super-Minister of State for Energy, Transport and Environment, Jean-Louis Borloo, and Minister for Environment, Nathalie Kosciusko-Morizet chaired the first EU Ministerial meeting at Paris' area, together with EU Commissioners Demas and Pielbags, surprising Journalists with improvised Press-points, at key-moments of the discussions.

Environment and Energy are key to the development of New Technologies to boost Europe's role in the World, while also responding to Citizens' concerns, stressed Borloo, speaking to Journalists earlier in Strasbourg.
According to well-infomed sources from the French EU Presidency, the aim is to stimulate a growing trend inside EU Parliament, via various on-going Reports developping in parallel, towards achieving the necessary targets before December.
For this purpose, Top-level representatives from Borloo's super-Ministry are expected to come in Strasbourg during EU Parliament's plenary, next Wednesday, a key official told "EuroFora".