Turkey Weekly Macro Comment

Semi−Reluctant Recruits into the No Closure/No Ban Camp?

Tue, Jul 22 2008, 09:07 GMT
by Yapi Kredi Bank Economic Research Department

Yapi Kredi Bank


Domestic political scene is getting more interesting on a daily basis.

US ex-Ambassador to Turkey Mark Parris’ remarks in Washington last week regarding the AKP closure case led to repercussions on the economic definitely beyond his intentions and arguably his imagination as well.

Here is the unorthodox, to the ultra seculars the blasphemous assessment regarding the duration of this struggle which some choose to label as a post-modern war. I believe that the war is over and that the two sides are indeed discussing the terms of the treaty without signaling it as such to their followers.

The bet that is made here is one that may be overestimating social dynamics at work and also the rationality and compromise tendency of the parties in question, but making a bet requires thinking and thinking entails doubting yourself.

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This document is prepared by the Economic Research Department of Yapi Kredi Bank A.S by using official data. No responsibility is assumed for the accuracy of the information given in the document although utmost care has been taken in their compilation and processing.

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