Erdogan Backs Turkey Economy Plan But Repeats Distaste for Rates

The displeasure is increasing: President Erdogan is losing massive support in Turkey. A new law is sharpening everything.

Erdogan Backs Turkey Economy Plan But Repeats Distaste for Rates

Turkish President Recep Tayyip Erdogan reiterated his opposition to interest rates while endorsing the country’s orthodox economic program, which relies on high borrowing costs to curb inflation.

The suspension by court judgment of the so-called ‘reciprocal currencies’ imposed by US President Donald Trump on virtually all nations of the world caught Economy Minister Carlos Corps in the midst of an official visit to Istanbul, Turkey, the second of a government member to the country in just a week. President Pedro Sánchez met last Friday 23rd with the head of state Recep Tayyip Erdogan. Politics makes strange bedfellows and trade wars even…