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Archive for the ‘Turkey’ Category

A hiatus ends: Istanbul Notes returns

In Gezi and after, Turkey on July 4, 2013 at 2:11 am

It is two years since I have posted with any regularity on this blog and 18 months since I have lived in Istanbul, a city that still fills me with joy and exasperation in more or less equal measure. Distance made it surprisingly easy—necessary perhaps—to detach from Read the rest of this entry »

Turkish monetary policy: playing catch-up with reality

In Economy, Turkey on October 27, 2011 at 5:28 pm

And so the inevitable has come to pass. Turkey’s central bank has departed from its controversial commitment to a loose policy stance in the face of growing signs of overheating and vulnerability in the economy. The bank signalled yesterday that a phase of marked monetary tightening has now begun. Read the rest of this entry »

Turkey’s economy: will GDP growth hit a wall?

In Economy, European Union, Turkey on June 22, 2011 at 5:44 pm

Earlier this month the German magazine Der Spiegel published a brace of articles about Turkey and accompanied them with a graphic comparing Turkey’s economy and those of a number of EU member states. A cursory glance at this graphic, which I’ve reproduced below, suggests clearly that Read the rest of this entry »

Election 2011: a victory for the West Bank, you say?

In 2011 general election, Democratisation, International relations on June 16, 2011 at 1:23 pm

Turkey’s prime minister Tayyip Erdoğan, a man whose self-aggrandising style of leadership has already been coming in for increasing criticism, outdid himself in his victory speech following Sunday’s parliamentary elections. Sometimes public figures push themselves to a place beyond parody. This was Read the rest of this entry »

Why Turkey’s current account deficit matters

In 2011 general election, Economy on June 15, 2011 at 4:43 pm

For obvious reasons, all eyes in Turkey have been focused in recent days on the outcome of Saturday’s parliamentary elections. But the release on Monday of April’s balance of payments data by the central bank shouldn’t be overlooked. Turkey’s widening current account deficit is shaping up to be Read the rest of this entry »

Election 2011: whither the CHP after the AKP’s biggest victory yet?

In 2011 general election on June 13, 2011 at 3:59 pm

So, the results are in and they make for miserable reading for Turkey’s main opposition party, the CHP. If the CHP is searching for a silver lining, they will find one in the fact that the party increased its share of the vote from 21 per cent in 2007 to 26 per cent yesterday. Looked at in isolation, that’s Read the rest of this entry »

Election 2011: what would a non-AKP government look like?

In 2011 general election on June 12, 2011 at 5:01 pm

One of the biggest advantages enjoyed by the current AKP government is the fact that it its nine years in power have been characterised by a level of political and economic stability that is remarkable by Turkish standards. Voters value the AKP not just for what it has and hasn’t done, but also for the fact that it has carved out the political freedom (in terms of Read the rest of this entry »

Election 2011: Turkey goes to the polls

In 2011 general election on June 12, 2011 at 1:11 pm

And so it starts. For some hours now Turkey’s 50 million voters have been making their way to polling stations across the country to cast their ballots in another parliamentary election that must be described in pivotal. This has been the story of the AKP era in Turkey’s modern history. Each of its election victories has marked an important stage in the country’s Read the rest of this entry »

Gauging the likely impact of Sunday’s election in Turkey

In 2011 general election, Constitution, Kurdish question, Party politics on June 10, 2011 at 5:00 pm

Ahead of Turkey’s parliamentary elections on Sunday, Yigal Schleifer, who maintains the must-read Istanbul Calling blog, is making a guest appearance here to answer a number of my questions about the likely impact of the poll. In return, you’ll find my responses to a series of Yigal’s questions over on Istanbul Calling. Read the rest of this entry »

Mr Erdoğan’s second Bosphorus: somewhat crazy, somewhat disappointing

In Construction, Society on April 27, 2011 at 11:15 pm

Turkey’s prime minister, Tayyip Erdoğan, today revealed what he’s been plotting since 2008 when he first mentioned that he had a “crazy project” in mind for Istanbul. It turns out that he intends to build what in effect amounts to a second Bosphorus—a canal running north to south out on the Read the rest of this entry »