Connect with us


As Turkey heads into the second round of the presidential race, domestic issues loom large

As Turkey heads into the second round of the presidential race, domestic issues loom large


Erdogan, who has racked up greater powers during his 20 years in office, completed a first-round election on May 14 just short of a victory and also retained a majority in parliament, despite runaway inflation and the aftermath of a catastrophic earthquake that killed more than 50,000 people.

Turkish President Recep Tayyip Erdogan, who has turned his country’s NATO membership and location straddling Europe and the Middle East into international influence, is favored to be re-elected in a presidential run-off Sunday, despite a host of national issues.

On the final day of his campaign, in an attempt to rally his conservative base, Erdogan paid tribute to his executed Islamic predecessor, Adnan Menderes.

Menderes was tried and hanged a year after the military staged a coup in 1960 to put Turkey back on a more secular path. Erdogan survived an attempted coup against his own Islamic-based government in 2016.

While Erdogan’s first decade in power was characterized by strong economic growth and warm relations with Western powers that elevated his global status and domestic support, his second began with a corruption scandal and shattered. quickly turned into political repression and years of economic turmoil that erased many early gains.

Sunday’s vote comes amid growing fears over the future of the beleaguered Turkish lira, the stability of its banks, the refugee crisis and the rights of women and LGBTQ+ people.

The Failing Lira

Erdogan forced the central bank to act on his unconventional theory that lowering interest rates would lower inflation and the exact opposite happened.

Turkey’s annual inflation rate hit 85% last year, while the lira entered a brief free fall. Yet the currency has remained remarkably stable during the campaign period, a sign that the government is investing considerable sums in market interventions.

Meanwhile, the central bank’s net foreign currency holdings, a key measure of financial health, fell into negative territory for the first time since 2002.

Economists believe that Erdogan’s government will have to reverse the trend and raise rates sharply or stop supporting the pound if it is to avoid a full-fledged crisis after the vote.

“If Kilicdaroglu won, he would immediately establish a more austere monetary policy than Erdogan’s,” said Giorgio Broggi of investment firm Moneyfarm.

CanKilicdaroglu wins again?

Erdogan ended up beating secular opposition leader Kemal Kilicdaroglu by almost five percentage points two weeks ago.

But his failure to pass the 50% threshold sparked Turkey’s first-ever run-off election and underscored that support for its longest-serving leader is gradually fading.

Kilicdaroglu has focused his campaign on more immediate concerns as he tries to come back from behind and restore the secular party that has ruled Turkey for most of the 20th century.

He used a late-night TV interview on Friday to accuse Erdogan’s government of unfairly blocking his mass text messages to voters.

“They are afraid of us,” said the 74-year-old former civil servant.

The episode highlights what opposition supporters, many of whom are secular liberals in big cities like Istanbul and Izmir, have been saying for years. And while the polls on Election Day were deemed free, observers say they were hardly fair.

“These were competitive but still limited elections,” said the head of the Organization for Security and Co-operation in Europe (OSCE) election observation mission, Michael Georg Link, after the first round.

“The criminalization of certain political forces, including the detention of several opposition politicians, has prevented full political pluralism and hampered the rights of individuals to stand for election.”

Kilicdaroglu pledged support for low-income families if elected president at the family support assurance meeting on Saturday.

“The state deposits money in the bank account of every family with no income or whose income is below the minimum wage,” he said in Ankara. “The woman will withdraw this money like a pensioner, a worker or a civil servant and support her children.

“Therefore, no one knows that this family is poor, earns less and needs income. Only the social state knows this. I offer you all my most sincere greetings.

“Thank you and be in the palm of Allah. Keep the ballot boxes.”

Catastrophic earthquake in Türkiye

Meanwhile, Turkey is grappling with a rocky recovery from February’s 7.8 magnitude earthquake, the deadliest quake in the country’s modern history.

It destroyed or damaged over 300,000 buildings. Hundreds of thousands of residents are still sheltering in temporary accommodation like tents, and some 658,000 people have been left jobless, according to the International Labor Organization.

The World Bank estimates that the earthquake caused 31.68 billion euros in direct damage, an amount equivalent to 4% of Turkey’s gross domestic product in 2021.

Recovery and reconstruction costs could be up to twice as much, the international financial institution said.




The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos


to request, modification Contact us at Here or [email protected]