Cyprus-Forum.com

[Pyrpolizer]

The vast majority of the 4 million refugees in Turkey are Syrians.
Question is does Turkey provide food and shelter to all those people? Not at all, only to a small fraction maybe around 200K. And even for that she gets money from the EU. It would be too much to expect anything better from a messy state like Turkey.

The rest are wandering here and there, exploited for cheap labour, women exploited for sex, some getting raped, etc. These refugees don't really cost anything to Turkey! Quite the opposite they became a profitable industry. The most profitable part been their packing on boats and sending to the Greek islands, or to Cyprus. In Cyprus we receive refugees both from the occupied and from the sea at a rate that exceeds our own birth rate. Government officials are crying all day to the EU that we can't let this continue. Notice those refugees pay the traffickers 2-3K US$ per head. I wonder where they find the money... Erdo has nothing to lose from the refugees either. The more islamists in Turkey the better.

We all know that Turkey also attempted to send a number of them en masse through the Greek-Turkish land borders in an attempt to blackmail the EU...

That said, I don't see how the refugee issue has anything to do with Turkey's economic demise. Anyone care to explain?

[Maximus]

That said, I don't see how the refugee issue has anything to do with Turkey's economic demise. Anyone care to explain?

It cost a lot of money to make them refugees and Turkey did have to deal with a lot of the burden in the beginning.

Absorbing refugees involves costs to the state until they find employment.

In Germany, who was the biggest recipient of "refugees" in the EU, 90% them are still receiving support after two years, and the majority dont find a job for years after that. At least one where they are paying taxes.

The only people profiting from them are the smugglers and, and they dont pay taxes either.

We havent seen such mass migrations before in the modern world and it is turning out to be a huge burden on even modern prosperous societies.

[Maximus]

TL just surpassed 20 to the euro.

The main stock index is down another 5% today too,

[Pyrpolizer]

That said, I don't see how the refugee issue has anything to do with Turkey's economic demise. Anyone care to explain?

It cost a lot of money to make them refugees and Turkey did have to deal with a lot of the burden in the beginning.

Absorbing refugees involves costs to the state until they find employment.

In Germany, who was the biggest recipient of "refugees" in the EU, 90% them are still receiving support after two years, and the majority dont find a job for years after that. At least one where they are paying taxes.

The only people profiting from them are the smugglers and, and they dont pay taxes either.

We havent seen such mass migrations before in the modern world and it is turning out to be a huge burden on even modern prosperous societies.

They cost nothing to Turkey Maximus! Turkey is not Germany or EU who would provide them food, shelter and money. They are simply on their own, most of them getting exploited as cheap labor. Some of them even adapt over the years.
https://www.refugeesintowns.org/sultanbeyli

NB. Well almost nothing, considering they only care for about 200K (5%), and even for those they get money from the EU ...

https://www.aa.com.tr/en/europe/eu-anno ... ey/2285393

[Lordo]

Did you read that Turkey is a source country for foreign terrorist fighters?

Turkey had major involvement in the Syrian war

, with these terrorist fighters. Then when the country was much destabilized, Davutoglue was pushing and pushing Kerry to put boots on the ground to create "humanitarian corridors".

Now the outcome is, Turkey is occupying Syria and has made millions of them refugees.

This is part of the reason why Turks have become so poor. They are all paying the price for Erdo's foreign avertures.

You ignorant man, getting brainwashed by TRT.

Turkey should leave Syria and let them return so they can rebuild their country.

Not traffic and blackmail the EU with them.

This kind of shit comes out of the boys mouth and yet Turkey occupies 8,880 KmSQ of Syria which is over 186,000 KmSq which is about 4%. And this is playing a major part.

What you actually need is a fuckin brain boy. I would advise you to take the one you have back and replace it but we are not at that point there yet with humanity. Maybe in a billion years time it can be done like.

Back to the idea of Turkey is bankrupt. A country with 35% debt to GDP ration cannot be bankrupt. There is certainly an attack on Erdoagn but what ever they do it is not Erdogan that they are hurting it is the public and the poor ones at that. Which ever way you look at it this Capitalism at its worst. They do this to very regime that tries to prop up their currency to make a quick buck. They are disgusting and those who support such activities are even more disgusting.

On another note, how was it possible for Erdogan to reduce the 1 to 3,000,000 currency value to 1 to 3 with just a name change on the currency and call it YTL. And of course it changed name again to TL 3 yrars later.
How does that work? Why is it allowed?

[repulsewarrior]

Turkey National Debt Is Low – So Why Are They In Trouble?

Read more at: https://commodity.com/data/turkey/debt-clock/

[Maximus]

Turkey National Debt Is Low – So Why Are They In Trouble?

Read more at: https://commodity.com/data/turkey/debt-clock/

Its not 35% debt to GDP,

That is 2020's data, and most of that debt is in foreign currency and was calculated at about $7 to the TL.

You have to multiply that by roughly 2.5, to get today's national debt at $18 to 1TL.

So using last years debt to GDP ratio, it is something like 87.5%.

Pakistan is constantly bankrupt and needs bail outs at 83% debt to GDP ratio.

[Maximus]

Did you read that Turkey is a source country for foreign terrorist fighters?

Turkey had major involvement in the Syrian war

, with these terrorist fighters. Then when the country was much destabilized, Davutoglue was pushing and pushing Kerry to put boots on the ground to create "humanitarian corridors".

Now the outcome is, Turkey is occupying Syria and has made millions of them refugees.

This is part of the reason why Turks have become so poor. They are all paying the price for Erdo's foreign avertures.

You ignorant man, getting brainwashed by TRT.

Turkey should leave Syria and let them return so they can rebuild their country.

Not traffic and blackmail the EU with them.

This kind of shit comes out of the boys mouth and yet Turkey occupies 8,880 KmSQ of Syria which is over 186,000 KmSq which is about 4%. And this is playing a major part.

What you actually need is a fuckin brain boy. I would advise you to take the one you have back and replace it but we are not at that point there yet with humanity. Maybe in a billion years time it can be done like.

Back to the idea of Turkey is bankrupt. A country with 35% debt to GDP ration cannot be bankrupt. There is certainly an attack on Erdoagn but what ever they do it is not Erdogan that they are hurting it is the public and the poor ones at that. Which ever way you look at it this Capitalism at its worst. They do this to very regime that tries to prop up their currency to make a quick buck. They are disgusting and those who support such activities are even more disgusting.

On another note, how was it possible for Erdogan to reduce the 1 to 3,000,000 currency value to 1 to 3 with just a name change on the currency and call it YTL. And of course it changed name again to TL 3 yrars later.
How does that work? Why is it allowed?

Idiot.

How you managed to equate occupying a small area of syrian land to mean a small involvement is beyond belief. The US doesnt occupy any Syrian Land, so are the Americans less to blame then you wally?

Yeah, keep blaming others for Turkeys fckd economy, theres no point in believing Turkey has a strong economy if it can be blown over so easily like a house of cards by others.

Tell us how they are doing it plonko?

[Maximus]

On another note, how was it possible for Erdogan to reduce the 1 to 3,000,000 currency value to 1 to 3 with just a name change on the currency and call it YTL. And of course it changed name again to TL 3 yrars later.
How does that work? Why is it allowed?

the same way banks can print more money when they need to.

if there is a 1,000,000 note in circulation, the bank can take it back and print a new note with a 1 on it and put that in circulation instead. But everyone has to update their pricing to the new denomination and the old ones need to be converted to the new.

But the key is, you have to have repaid all of your debts calculated in the old denomination first. So someone shopping with a 1,000,000 note is going to use that to buy something that is priced as 1. But not the other way around. If someone is selling something at 1,000,000 and a buyer comes with a new 1 note, its legal tender to pay the price in full.

In time, all the old notes will cease to circulate and everyone will be using the new notes and the new pricing.

[Lordo]

Turkey National Debt Is Low – So Why Are They In Trouble?

Read more at: https://commodity.com/data/turkey/debt-clock/

They have not mentioned the obvious reason.

Inflation is going up in all the countries because of the pandemic caused by supply chain issues. Because the attack on the lira has started it went up even further than most. In the meantime the finacial cunts can smell a quick buck because they guessed Lunatic Erdogan would attempt to buy to support the currency which means they can have a full attack and make a killing at the expense of the poor. These cunts do this everytime there is a real socialist party in government.

I have a solution and it will work 100%. Round up every cunt who is selling to make a killing in Turkey, give them a fair trial and then hang them. That will stop the attack.