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Thread: Turkish Election Results and Implication

  1. #31

    Default Re: Turkish Election Results and Implication

    Quote Originally Posted by Fragony View Post
    This is interesting, Turkey close to a default, bad news for EU-banks who got money there. Greece is already dead can't covertely recapitalise over their backs anymre
    Just strongarmed Qatar into a $15bn investment. That could reassure all those who intended to pull assets.

  2. #32
    master of the pwniverse Member Fragony's Avatar
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    Default Re: Turkish Election Results and Implication

    Quote Originally Posted by AE Bravo View Post
    Just strongarmed Qatar into a $15bn investment. That could reassure all those who intended to pull assets.
    Might look like that but reality is that 15bn got pulled out, Qatar and Turkey are not friends right now

  3. #33
    BrownWings: AirViceMarshall Senior Member Furunculus's Avatar
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    Default Re: Turkish Election Results and Implication

    Quote Originally Posted by AE Bravo View Post
    Just strongarmed Qatar into a $15bn investment. That could reassure all those who intended to pull assets.
    $220bn needed within the next twelve months...
    Furunculus Maneuver: Adopt a highly logical position on a controversial subject where you cannot disagree with the merits of the proposal, only disagree with an opinion based on fundamental values. - Beskar

  4. #34

    Default Re: Turkish Election Results and Implication

    Yeah, it's a lifeline at best.

  5. #35
    master of the pwniverse Member Fragony's Avatar
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    Default Re: Turkish Election Results and Implication

    Quote Originally Posted by Furunculus View Post
    $220bn needed within the next twelve months...
    Even that is a pretty optimistic. Still happy with the Erdo Khan. This is pretty tragic for a lot of Turks working in Europe they never expected this. Qatar probably took over their trourist-industry I can't find anything meaningful on in how much trouble Turkey is in, I heard it is very vulnerable for a little sting, we will know more monday I guess, downgrade is in but that shouldn't mean anything as there is hardly any coin to be found there

  6. #36
    Member Member Crandar's Avatar
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    Default Re: Turkish Election Results and Implication

    Why do you say that the Qatari-Turkish alliance is in tatters? It seems as strong as ever to me. Yesterday Saudi Arabia donated millions to Kurdish Syria, so that Americans will stay and deter Syria and Iran from reuniting the country, which means that Qatari-Turkish interests will continue to thrive. By the way, Turkish tourism is on the rise. People have forgotten about the terrorist attacks, but the biggest contributor is the collapse of the lira. Here hotel owners whine about Romanians and Russians (muh orthodox brotherz!) preferring Istanbul to the beauty of Athens and Thessaloniki.

  7. #37

    Default Re: Turkish Election Results and Implication

    Yeah, I don't know how Fragony got that impression. The connection between them is so strong some get completely carried away, like that guy that went viral after exchanging his half a million riyals to lira on video while reciting lame poetry for instance. From what I've read, there's no sidestepping the IMF. He will have to give in to higher interest rates and an independent central bank. The former he called evil and the latter he wants under his control.

  8. #38
    master of the pwniverse Member Fragony's Avatar
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    Default Re: Turkish Election Results and Implication

    None other than an impression mind you, I really don't know

  9. #39
    Praefectus Fabrum Senior Member Anime BlackJack Champion, Flash Poker Champion, Word Up Champion, Shape Game Champion, Snake Shooter Champion, Fishwater Challenge Champion, Rocket Racer MX Champion, Jukebox Hero Champion, Cub Shoot 2 Champion, My House Is Bigger Than Your House Champion, Funky Pong Champion, Cutie Quake Champion, Fling The Cow Champion, Treasure Diver Champion, Tiger Punch Champion, Virus Champion, Solitaire Champion, Worm Race Champion, Slack Man Champion, Japanese Baseball Champion, Rope Walker Champion, Penguin Pass Champion, Skate Park Champion, Super Mario Mushroom Champion, Watch Out Champion, Lawn Pac Champion, Weapons Of Mass Destruction Champion, Skate Boarder Champion, Fish Kill Champion, Lane Bowling Champion, Bugz Champion, Makai Grand Prix 2 Champion, KF 9000 Champion, White Van Man Champion, Parachute Panic Champion, BlackJack Champion, Stans Ski Jumping Champion, Smaugs Treasure Champion, Sofa Longjump Champion Seamus Fermanagh's Avatar
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    Default Re: Turkish Election Results and Implication

    Quote Originally Posted by AE Bravo View Post
    Yeah, I don't know how Fragony got that impression. The connection between them is so strong some get completely carried away, like that guy that went viral after exchanging his half a million riyals to lira on video while reciting lame poetry for instance. From what I've read, there's no sidestepping the IMF. He will have to give in to higher interest rates and an independent central bank. The former he called evil and the latter he wants under his control.
    Higher interest rates will be harder on his constituents than for the comparatively wealthy communities on the Bosporus, Dardanelles, and the Aegean. So that makes sense. As a "strongman" style leader, any powerful institution over which he has little influence would be unappealing. On the other hand, it will be a Central Bank of Turkey...sub rosa, his influence might be notable. Not sure on the IMF track record on such things.
    "The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. And that's why it's so essential to preserving individual freedom.” -- Milton Friedman

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  10. #40
    master of the pwniverse Member Fragony's Avatar
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    Default Re: Turkish Election Results and Implication

    There is no central bank in Turkey anymore they are stripped, Erdogan took control of it, even replaced the pretty well respected head of it with his son in law, ouch. Erdo Khan't it's not all that liracal.

    edit, that last sentence is pretty good, I can congratulate myself
    Last edited by Fragony; 08-19-2018 at 21:41.

  11. #41

    Default Re: Turkish Election Results and Implication

    It's waxing liracal dammit.

  12. #42
    master of the pwniverse Member Fragony's Avatar
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    Default Re: Turkish Election Results and Implication

    Just isn't the same thing if you beach it, offshore but different

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