Cyprus-Forum.com

[Kikapu]

what has anything got to do with the power of the currency. pound is worth more than the dollar. so? who gives shit.

With 1 Pound you can buy something worthwhile in a pound shop and you can buy something worthwhile with 1 Dollar in a Dollar store, but you can't buy anything worthwhile with 1 lira in any shop/store.

But not according to Lordo's economic views.

Ozyigit says public poorer due to increase in foreign currency

The Communal Democracy Party (TDP) leader Cemal Ozyigit has said that the public has become even poorer recently due to the increase in foreign currency and criticised that the CTP-DP government who were there to protect their citizens, had failed once more.

Ozyigit said people who earned Turkish Lira and had debts in foreign currencies were finding it harder to make ends meet now; retired people were finding it even harder and said the government should have an additional budget planned to cover the deficit caused by the dollar.

Ozyigit said it was important to reemploy the cost of living system as the fall in value of the Turkish lira would only lead to a reduction in incentives; it was a vicious circle.

http://www.kpdailynews.com/index.php/ca ... LOCAL_NEWS

[Lordo]

anybody stupid enough to borrow money in foreign currency deserve what they get bulluimu.

[kurupetos]

anybody stupid enough to borrow money in foreign currency deserve what they get bulluimu.

How much did you borrow?

[Jerry]

More bad news for the Turkish economy. Soon Erdo will be looking for a bailout like Greece. Exports resulting from industries created by foreign investment have been the driving force behind the economic boom in Turkey. As far as I'm concerned the longer Erdo stays in power the better, he is doing untold harm to Turkey.


The drop that Turkish exports experienced this past January exceeded expectations. While everyone had anticipated that the first month of the new year would bring a seasonal decline in exports similar to previous years, no one -- not even the most pessimistic analysts -- expected that that it would be such a steep drop.
http://www.todayszaman.com/business_dar ... 72585.html

Mehmet Altan, a Turkish academic, economist and author, told Sunday's Zaman: “Investment will not come to a country where there is no rule of law. And, as can be seen, foreign investment is fleeing.”
http://www.todayszaman.com/business_fea ... 72588.html

[Lordo]

terggy will not be allowed to go the same way greece or cyprus has gone for one very simple reason. the big bear in the north has been growling for some time now and she is needed for guard duties. you pibol are amateurs.

[Jerry]

terggy will not be allowed to go the same way greece or cyprus has gone for one very simple reason. the big bear in the north has been growling for some time now and she is needed for guard duties. you pibol are amateurs.

Your tiny brain confuses two separate issues. When the Turkish economy was in the manure 15-20 years ago it still had all the support it needed from its NATO allies. The Yanks will send guns and ammo to Turkey regardless of its economic position as it has always done - that is until Erdo goes too far.

[Nikitas]

New industries and new technologies are displacing outsourcing, and they are doing it fast.

CNC milling machines and lathes sell for as little as 5000 USD, 3D prototyping, 3D manufacturing is galloping along, these and other factors are squeezing economies founded on the "factories of the world" meme (boosted by low labor cost, zero environmental controls and scandalous export subsidies).

Challenging sectors, like electric cars, where innovation counts, are missing in economies like Turkey's and the much touted BRIC countries. Innovation has stayed in the USA, Japan, Germany, South Korea and a handful of other nations.

Add to the above the property slide, due to over ambitious "developers" who know FA about demographics, who cannot see that all Med countries are building lots of "luxury villas" to sell to the ever shrinking European population. They forgot the elementary lessons of supply and demand.

You need more than Sultanic neo ottoman BS to get ahead these days.

[Lordo]

dont you worry about the terggs, they can take care of themselves. a friend tells me in the arab lands water per litre costs more than petrol. what a result, whilst petrol will run out sooner or later, water will not.

[kurupetos]

dont you worry about the terggs, they can take care of themselves. a friend tells me in the arab lands water per litre costs more than petrol. what a result, whilst petrol will run out sooner or later, water will not.

When will you run out?

[Kikapu]

Turkey lacks innovation in the high end products, because it lacks an educated workforce, hence the fact not being a self-made industrial country. Turkey's main industrial companies are mostly foreign companies who are forced to take on as a "partner" a local company in order to do business in Turkey, such as the automobile industry. Turkey provides the cheap labour to the foreign companies and most of the profits earned by these foreign companies are sent back to the countries where the brands are from.

Countries like Germany, Italy, Japan and few others who were decimated during WWII have picked themselves up and continued building a great innovated industrial nations, because they always had an educated workforce and the knowhow. Turkey has never had these and the way Turkey of today is operating, it may never have since they can't even produce their own car brand despite 1 million foreign owned vehicles being produced in Turkey annually, but they have a dream of becoming a commercial aircraft producers in 10 years, just because they are now producing passenger seats for planes. Look out Boeing and Airbus, because Turkey will be competing with you with their own commercial passenger “Turkplane”!

Erdogan having built a colossal presidential palace for himself, just like other tin pot dictators such as Saddam Hussein and flying around in his big A330 presidential plane does not make Turkey a great economic powerhouse country as he claims, to be envied by others, other than perhaps some developing and 3rd world countries with an inferiority complexes. Whoopee!