Erdogan Says Turkey Will Break Economic 'Triangle of Evil' With Reforms

Business

December 26th, 12:29pm

Asharq Al-Awsat

Turkish President Erdogan talks to the media after attending Friday prayers at Hagia Sophia Grand Mosque in Istanbul | Reuters/MURAD SEZER

Turkey will bring in structural reforms to break the "triangle of evil" of interest rates, inflation, and exchange rates, President Tayyip Erdogan said on Saturday, adding Ankara was determined to form a system based on production and employment. Erdogan promised a slate of judicial and economic reforms last month, leading to expectations of the possible release of politicians, including Kurdish ones, and human rights advocates from jail. But, Erdogan's recent comments on court rulings and criticism aimed at his government have fueled skepticism about his pledge. Speaking via videolink at a ceremony in Ankara, Erdogan said Turkey was carrying out the democratic reforms not because it was "forced" to do, but because "our people deserve them", adding that efforts to present the reforms to parliament would move swiftly.

from Asharq AL-awsat https://english.aawsat.com/home/article/2704736/erdogan-says-turkey-will-break-economic-triangle-evil-reforms