Cyprus-Forum.com

[Kikapu]

Turkey's unemployment for September at 9.9 percent

Reacting to the latest joblessness figures, Economy Minister Zafer Çağlayan said in Ankara on Monday that unemployment had “hovered around high levels.” “We may be in a relatively better position compared to most EU countries;

http://www.todayszaman.com/news-334100- ... rcent.html

Yeah, right!

Turkey's true unemployment more like 9.9% x 4.

[kurupetos]

bedragulli go away like a good pup otherwise i will rub your nose in it, no sit.

Just don't get under my shoe, because you could be squeezed.

reh spanogondobotsui gatse cahame dje faisse i kellesu gavole.

ra maimouna ennasu gobso don nuron su.

[Flying Horse]

Well, well, well, bank corruption and bribery......


http://www.bbc.co.uk/news/business-25414150

[bill cobbett]

Well, well, well, bank corruption and bribery......


http://www.bbc.co.uk/news/business-25414150

Yes and the really significant story behind this may be the split between Erdogan and the Gulen movement, a split within the ruling AKP.

This is what the BBC correspondent has to say on this...

"...Many believe the arrests are evidence of an increasingly public argument between supporters of Prime Minister Recep Tayyip Erdogan and members of an influential social and cultural movement led by the exiled Islamic scholar Fethullah Gulen.

Over the last decade, these two camps united to win three general elections for Mr Erdogan's ruling AK Party. But in recent months, their alliance has begun to come apart. In November, the government discussed closing down private schools, including those run by Mr Gulen's movement, Hizmet.

In return, commentators suggest Gulen supporters in the police and the judiciary orchestrated the dawn raids against Mr Erdogan's allies in Istanbul and Ankara.

The argument reveals a new fault-line in Turkish politics - one within the governing AK Party.

The prime minister survived opposition protests in June with little immediate trouble. But the greater threat to Mr Erdogan's ambition to stay in power may now come from within. ..."

[Flying Horse]

Well, well, well, bank corruption and bribery......


http://www.bbc.co.uk/news/business-25414150

Yes and the really significant story behind this may be the split between Erdogan and the Gulen movement, a split within the ruling AKP.

.."[/i]

Indeed.
Other sources say the raids targeted nearer 37 people, than 20.
Interestingly(for me anyway)

The suspects are accused of accepting and facilitating bribes for some projects and securing construction permits for protected areas in exchange for money

and

the result of a year-long surveillance operation

Although Mr Erdygurdy mushroom man obviously has to beat his chest about it.

In a speech after the raids, Erdogan vowed he would not bow to any "threat" or "dirty alliances" aimed at ruffling the feathers of his party, although it was not clear if he was referring to the police action or the dispute with exiled cleric Gulen

http://www.aljazeera.com/news/europe/20 ... 86816.html

[Demonax]

Well, well, well, bank corruption and bribery......


http://www.bbc.co.uk/news/business-25414150

I thought this deserved its own thread...

cyprus41545.html

[Kikapu]

Is the Istanbul Stock Market going to implode in the morning or is this already priced in?

I'm already starting to feel the ground shifting under the XU100:IND!

Fed cuts bond-buying

WASHINGTON (Reuters) - The U.S. Federal Reserve announced plans to trim its aggressive bond-buying program on Wednesday but sought to temper the long-awaited move by suggesting its key interest rate would stay lower for even longer than previously promised.

In what amounts to the beginning of the end of its unprecedented support for the U.S. economy, the central bank said it would reduce its monthly asset purchases by $10 billion, bringing them down to $75 billion. It trimmed equally from mortgage and Treasury bonds.

[Kikapu]

One could say that the Turkish Lira has been very promiscuous today!

That's because it was fcuked by ALL the major currencies!

[Kikapu]

Is the Istanbul Stock Market going to implode in the morning or is this already priced in?

I'm already starting to feel the ground shifting under the XU100:IND!

Fed cuts bond-buying

WASHINGTON (Reuters) - The U.S. Federal Reserve announced plans to trim its aggressive bond-buying program on Wednesday but sought to temper the long-awaited move by suggesting its key interest rate would stay lower for even longer than previously promised.

In what amounts to the beginning of the end of its unprecedented support for the U.S. economy, the central bank said it would reduce its monthly asset purchases by $10 billion, bringing them down to $75 billion. It trimmed equally from mortgage and Treasury bonds.

OK, so the Turkish stock market was down 3.24% today despite a huge rally on the American Dow Jones last night, which Britain, Germany, France, Switzerland and others, had a very good results today riding the American stock market wave. One can see clearly which are the healthy economy markets and which one was in the toilet, to be affected from the news coming from the U.S. Federal Reserve. So much for Turkey's so called "great economy". If that wasn't bad enough, the Turkish Lira also took a beating today. What will the Turkish economy, stock market and the Lira going to look like when the Federal Reserve stops spending the now current $75 Billion on bond buying each month down to ZERO at the end of 2014/2015?

[Lordo]

you really have not got a clue my friend. 77billion in 12 months is nothing when compared with 17 biilion cyprus had and 124 billion greece had. get a life and stop wasting your time.