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“President Erdogan has suffered a severe defeat in recent days in his fiscal policy. “Now he can turn to foreign policy, abandoning unilateral action and rhetoric of war.”
The financial newspaper notes: “The self-proclaimed sultan likes to present himself to his people as a multi-talented politician. But war rhetoric and threats come at a price. As the pound continues to fall, doubts about the president’s omnipotence mount. Erdogan, as well as concerns about his possible overthrow. And that is why the Trump of the Bosphorus must now wage the biggest battle: against himself and against his family. The boyfriend and the finance minister were forced to criticize them because he could no longer impose his policy on the economy and the budget.Public finances and the Turkish lira are on the brink.
Until recently, the Turkish president spoke of an “economic war”. But now it is changing course. End lax economic policy. The base fee is no longer a holy cow. On the home front there is a sudden truce. Hopefully Erdogan’s aggressive foreign policy will now soften. At the same time, it should be noted that although the EU focuses on Turkey’s foreign policy, it has not taken any initiative. In Syria and Libya, it is Ankara that has used force to prevent all Syrian opposition forces from falling into the hands of President Bashar al-Assad or the internationally recognized government in Tripoli from being driven out by mercenaries from the United Arab Emirates and Egypt. Could it be that Erdogan, on the brink of collapse, is now learning to be more diplomatic? In dealing with the financial crisis it has already regressed. “Perhaps now it will do the same in relations with other states.”
Deutsche Welle: Stefanos Georgakopoulos
Source: German wave
