Turkey: On the Brink of Military Coup?

Friends of Syria

Turkey: On the Brink of Military Coup?

The situation in Turkey keeps getting worse. Private debt is out of control, the tourism sector is in free-fall and the decline in the currency has impacted every citizen’s buying power. Because of increasing pressures on the central bank and political storms, Turkey’s annual growth rate has already slowed.

The 2013 Gezi protests and corruption charges against the government, the 2014 presidential election and two general elections in 2015 have put the Turkish economy under stress. Turkey’s annual growth rate, which for 50 years had averaged 4.5%, remained at an average 3% in the past four years. Economists are warning that delays in structural reforms and Erdogan’s economic views could push the growth rate even lower, triggering a crisis.

Kamil Yilmaz, a professor of economics at Koc University, says, «Turkey has slowed down because it could not implement structural reforms. Because of the political developments of…

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