Has it really? 'Spengler' disagrees and sees Turkey crashing hard, soon. Just look at those numbers!
Recall notice for the Turkish model
Excerpt: In fact, if you had invested in the Turkish model (that is, in the Turkish stock market) at the outbreak of the Arab revolts, you would have lost about half your money. If you leave your money in Turkey, you probably will lose the rest of it. Turkey is not a model. It is a bubble, and it is bursting, starting with the stock market and national currency.
And I was denounced as a Zionist plotter in the Turkish media. As a matter of record, I wish to state that I am shorting Turkey not for any political motivation, but only because the Turkish government economic policy is a clown show. I make a point, however, of contributing some of the profits to Zionist causes.
Thanks for the link and the update. When the AK Party won their first election about a decade ago they promised economic improvements and an end to corruption. They also promised the people that they would not impose Islamism on the Republic.
I think they delivered somewhat at least until after the second election a couple of years ago. Looks like Erdoğan felt free to impose more and more on the people and it's had its effect. A precursor for our own Obama's second term?
Erdoğan did well with relations with the EU, I thought. But I always believed that Erdoğan's efforts to woo the EU was aimed primarily at the Turkish military; to wit; the EU was a loud critic of military intervention and demanded an absolute end to the possibility of military intervention as a condition for membership. It helped the Islamists to get changes that I believe now deny the military any authority to act against the government on behalf of the secular Republic of Turkey.
As for the EU it is Lucy and Turkey is Charlie Brown and always will be that way.