Turning of the Screw Tuesday

1a

The Russian sanctions announced by President Vladimir Putin on Saturday could have a severe impact on the Turkish economy. It is not clear whether President Tayyip Erdogan and Prime Minister Ahmet Davutoglu did not expect this severe a reaction to the shoot-down of a Russian fighter jet, or whether they believe that Turks will rally around the flag and gladly suffer the economic consequences.

In retrospect is seems clear that Erdogan was extremely vulnerable to a Russian economic boycott, which has now begun. Turkish growth in gross domestic product was expected to accelerate from 3% per year now to 4% per year in 2017, an expectation that may now have been foiled.

Putin had some 90,000 Turkish workers in Russia fired, and more or less forbade Russian tourism in Turkey beginning Jan. 1.

Juan Cole

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About Den

Always in search of interesting things to post. Armed with knowledge and dangerous with the ladies.
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15 Responses to Turning of the Screw Tuesday

  1. Den says:

    More Putineering might backfire, we will see.

    Property search continues, nothing affordable yet. I’m not crazy about Mobile Home Parks, the last one I looked at had a ‘No Pullout’ clause, meaning if the lot rent went through the roof I would be stuck paying or selling, I could not remove the MH and relocate to another park or to land, not a good scenario put forth by greedy weasels.

    Like

  2. º¿carol says:

    Doc, I mailed the card to your house.

    Like

  3. David B. Benson says:

    Arroz con camarones.

    Like

  4. Den says:

    Off to the races again, lookout LLamas!

    Like

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