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ROFL that debt table is so deceiphing. If the US has the highest debt, who is ought to get the money, who is the lender? Yes US has a mountain of debt but at the same time they have also lend out a mountain of money. With Turkey it is only debt, no one who owes Turkey

No matter how big the economy of a country is, it all comes back to the basic. If you spend more than you earn, your economy will be shitty. But if you earn more than you spend (like most European countries and China), you economy will be stable, no matter what fluctuations go on in the world...

Nice plans, but Greece has till now not signed any contract on frigates. Let us see when that realizes

Yes partly. Economy is not that complex as many imagine, there are some basic things to why Turkish economy is vulnerable: 1) we have a chronic trade imbalance (every year our trade deficit is around $40bln) 2) our tourism income (that compensated a bit of the trade deficit) has gone down due to...

The FDI is indeed a nice good frigate, and it should! For the price they ask for an FDI it should be a damn good frigate, it is expensive to say it softly. The term "digital frigate" is a nice sales term of course, which modern frigate nowadays is not digital? The French use the term digital to...

Thank you for your reply. Than it is not linguistically connected. Sancak in Turkish means: Flag / flagship

'Sandhayak' as Sancak? I wonder if linguistically it has the same meaning Nilgiri, what is the meaning of Sandhayak?

That's only better, would mean we have a perfect synergy in our defense industry. Exactly what we want.

Albeit the armor is a bit on the light side it is a hell uva improvement for the Greek army. 1200 light armored vehicles for various jobs (ambulance, command & control, reconnaissance, APC) is a big improvement for the Greek army mobility (means we have to spend 1200 MAM-L extra)

In this case not Turkey but the international market is devaluating the Turkish currency.

Apart from the jokes the fallout of tourism for a great part makes herself feel. We have each year about $40bln deficit in trade, a big part of this deficit was compensated by tourism income which now due to Covid is strongly reduced -> result we need to borrow more. Economy is actually more...

Az kaldi 2023'te Turkiye cumhuriyeti kalmayacak, mission accomplished

Absolutely, it is not only a matter of mismanagement, CAATSA economic sanctions do their part. But it is also absolute madness to gamble in this volatile times with lowering interest rates. The government argues that interest rates are in direct correlation with inflation (in basic that is...

anyone remember this guy :ROFLMAO:

We should bring back Berak Albayrak, even he did better in economy than our president

Insallah, maasallah, oops!

Economy professor at work, it will be a good item for a thesis: how to demolish an economy

Where does it come from that the state doesn't allow Tusas to buy engines from Ukraine? Source? So Tusas is allowed to buy engines from PW but not from Ukraine, sorry but that sounds like bogus to me

Exactly, doesn't make sense! Probably the Danes hope that Turkey could be a possible customer but Turkey does not have F16's in service with PW engines so the chance that Turkey would want them is very unlikely

Why would we need those old ones, to upgrade to Ozgur?