Turkish Crisis looms ?

With a galoping Inflation (more than +7,3% compared to EU's only 1,5% in 2010 !), and a growing Unemployment (some +12% in 2010), Turkey's GDP, which fell -4,7 % in 2009 (i.e. -0,6% worse than EU's average), and is due to diminish -0,8% this year 2011 compared to 2010, obviously will not be able to cope longer with the seriously aggravating Deficit in foreign trade, (about - 80 Billions $ in 2010, compared to -34 Billions $ of 2009, i.e. more than +110% increase of Deficit in the difference between falling Exports but growing Imports), without a direct or indirect Devaluation, to try to prevent a crisis, sooner or later.

Such negative facts naturally augment the risks for socio-political tensions and/or conflicts, as it has just already started in the Occupied Territories of Cyprus, where Turkish Cypriots a.o. People already started to protest, strike and demonstrate against Ankara's decision to impose economic restrictions, including with motos such as : - "Turkey : Hands off Cyprus !", provoking even violent clashes and other incidents in occupied Nicosia these days, creating fears of Tunis, Algeria or Egypt-like sumptoms' contamination, as Turkish Press commentators already started to note, citting f.ex. a huge unemployment for youngsters, Turkish regime's notoriously undemocratic character, geographic and cultural proximity, etc, among a long list of Risk factors...

Turkish Economy was already in a very bad shape, back on early 1999, (mainly on Industry, to the point that a Minister was then found killed, after being thrown or jumping out of his window), and again around 2000-2001 on Monetary issues, but it was notoriously saved from crashing, at the last minute, thanks to EU's artificial life-support : almost 1 Billion € each year now, through Turkey's controversial EU accession process.

However, this hangs more and more in limbo, since 2005-2007, and, added to growing EU Political opposal from 2007-2010, also the December 2010 EU "Zero Budget Growth" 10 Years deal, between New British Prime Minister Cameroon, French President Sarkozy and German Chancelor Merkel, joined by the Netherlands etc., making EU Funds rare, in the middle of a Global Financial Crisis, may soon mark the End of that controversial waste of EU Taxpayers' money, (particularly since Ankara persists to show blatant disrespect in her various, Political and/or Human Rights obligations, giving rise to growing MEPs' criticism)...