Essay sample library > Turkey seeks help from McKinsey despite Erdogan's 'economic war' with U.S.

Turkey seeks help from McKinsey despite Erdogan's 'economic war' with U.S.

2023-09-28 12:59:00

London - President of Turkey says his country has begun an "economic war" with the United States, demanding dollars like the iPhone and boycotts of US products

However, the government of Recep Taip Erdogan quietly called for support from Wall Street to solve the economic difficulties that are a matter of the country.

Treasury Secretary Berat Albayrak (also Erdogan's son-in-law) asked a global management consulting firm based in McKinsey, New York to advise on a three-year turnaround plan in response to the surging inflation and currency crisis did

The move caused a ridicule from the opposition of Turkey, including vice chairman of the CHP vice chairman FaikĂ–ztrak, and he said that Albayrak avoided seeking aid from the International Monetary Fund for political reasons It was.

The Turkish People's Republic faces an economic crisis that the annual inflation rate is close to 18% (the highest level for more than 15 years). Turkish lira fell by 40% since January. Prices of necessities such as food and natural gas soaring

Since Americans included Andrew Branson (a pastor from North Carolina) due to diplomatic conflict, Erdogan accused the United States for the sanctions of President Donald Trump and the imposition of higher tariffs on Turkish metals.

He asked the Turkish to convert the US dollar into a lira last month and said, "This is a national civil war, which will be my reaction to the people who caused the economic war against us "Said.

Prime Minister Erdogan also urged a boycott of US consumer goods, "If they own an iPhone, Samsung is on the other, we have our own phone brand."

Albayrak said that according to an interview to Erdogan's related Sabah news site, McKinsey will provide consulting services to new government agencies that specialize in cost control and financial regulation within his new economic plan (YEP) It was.

The Treasury did not confirm the contract, but added that in a press release it is common to use consultants, adding that advice for private companies to operate the Turkish economy is wrong.

Prime Minister Erdogan said on Monday he expected the tension with Washington to be improved, but added that Mr. Bruxon's case will be held in another court on 12th October .

Another important relationship worth noting is the relationship between the US and Turkey as President Recep Tayyip Erdogan travels to Washington next week after his referendum wins. The relationship between playing cards and Erdogan started to appear like the first stage of a roller coaster, and the two slowly climbed to the top of the mountain ... and then fell sharply. The card team has announced the widely expected decision to armed Syriacled, despite the Turkish who are attacking the Syriac Army this week. At some point Erdogan's expectation for playing cards will need to achieve certain benefits (another pain: Erdogan accused Fetullah Gulen as planning a coup attempt, adapting to the interests of Turkey In the strategy for the United States to face the crisis prospects, the allies are making big remarks in the US anti-terrorism plan in Syria and Iraq

Turkish President Recep Taip Erdogan, like most Turkish compatriots, is independent of Syrian Kurdistan fearing that Turkish Kurdistan will help start a revolutionary war against Ankara. Whether it is fair or not, Erdogan believes Rojava is very similar to the way Israel looks at the southern Lebanon that Hezbollah occupied in Lebanon. Ideally, the Kurds of Syria will not support PKK. PKK is committing a crime in Turkey, a war pleased in the long and terrible war. The Turks did not imagine or complement this, and the Kurds in other areas of the region were not devoid of Erdogan's weak view of PKK and its allies.

Erdogan will not have this. Turkey believes that YPG is a terrorist like PKK or PKK. PKK is a radical organization of left wing separatism pursuing independence from Kurds in Turkey. Erdogan is determined to deny the hundred year Kurdish dream, so if the Islamic state is widely handled, Erdogan marches ignoring Washington. Their existence also inevitably led Kurdish from Syria control to Manvy to Kamishuri. Erodegan repeatedly stated that the Turkish army attacked the mani and pushed Kurdish firmly to the east of the Euphrates River. If the United States and Turkey have reached an understanding to avoid fire and the US army exceeds Mangby, it is equivalent to betrayal of the Kurds. Syrian Kurds will not easily forget to lose more territory after overflowing a lot of blood.