(International adviser, Research Institute for European and American Studies. Athens)
Note: The article reflects the opinion of the author and not necessarily the views of the Research Institute for European and American Studies
Faced with ruinous inflation, Turkey’s people should welcome the appointment of Hafize Gaye Erkan as governor of the central bank and Mehmet Simsek as finance minister (“Braking at the cliff’s edge”, June 10th).
The appointments signal a return to economic orthodoxy. However, unless Recep Tayyip Erdogan, the country’s re-elected president, has undergone a change of heart, it’s going to be an uphill struggle.... Read more