Chapter 1267 Demand for Turkish Disarmament
World Organization for Human Rights, World Women's Boxing Organization, Christianity, Humanitarian Aid Organization, World Organization for Child Protection...... And so on, all of which have been criticized and blamed by major media on Turkey's problems.
And a number of investment institutions and even the world's central banks have also publicly criticized the inaction of the Turkish central bank.
Analysts at Commerzbank say that Turkey has been investing heavily in the military for many years, which has led to the deterioration of foreign exchange reserves, and it is this trend that makes Turkey powerless against the collapse of the lira.
The overwhelming international public opinion is like an unbeatable wave that has brought Turkey to the forefront.
Subsequently, Turkish Finance Minister Kadir Emin Lynn spoke publicly: "For me, the exchange rate does not matter at all. ”
Asked what he thought about the continued depreciation of the lira to the point of becoming waste paper, the finance minister told reporters.
Kadir Emin Lynn's remarks were preceded by the announcement of a 1993-1996 New Economic Package under the theme of "New Stability, New Normal, and New Economy."
The minister said the Turkish economy is expected to grow by 0.3 percent this year and reach 5.8 percent in 2021, hovering around 5 percent in 2022 and 2023.
"In order to achieve this growth target, we will continue to focus on exports, value-added production, and expanding employment. ”
According to the plan, Turkey's unemployment rate is expected to reach 13.8 percent this year, fall slightly back to 12.9 percent next year, and fall further to 10.9 percent by 1996.
As soon as the news was announced.
Turkey's largest newspaper, Kada News, published an article strongly condemning the government's inaction on the exchange rate, as well as corruption, and saying that the unemployment rate calculated by the finance minister was ridiculous and ridiculous.
According to the newspaper, the 13.8 per cent unemployment rate does not include women at all. If 15 million adult women are included, the unemployment rate is at least 38 percent or even 48 percent.
The government's indifference to the exchange rate has also caused massive public dissatisfaction and anger.
In the two major cities of Istanbul and Ankara, tens of thousands of people spontaneously took to the streets, holding high banners calling for the finance minister to step down, and launched an assault on government departments.
Although the anti-riot police maintained order, at least hundreds of people were injured and killed in the onslaught.
"Lynn, you idiot. Even if you think so, you can't say it, do you know what kind of trouble it will cause us?"
"You pig's head. ”
In the Forest Nature Reserve, President Leminda Edal Erguiluan angrily threw a £200 glass to the ground.
Eyeing the tiger, eager to eat Kadir Emin Lynn.
The people can fool, how can outsiders fool, international public opinion is all on his head, and the news from all over the world are accusing him of inaction, and the feeling of being pressured and abused is really bad.
Well, the World Central Bank has publicly stated that there has never been a country that does not care about exchange rate issues as Turkey, and it is precisely because of the Turkish Central Bank's indifference to the lira market that Turkey's inflation rate has risen sharply, and there has been a human tragedy of buying and selling wives and daughters.
In short, the World Bank means that there is no country in the world as rogue as Turkey, which does not care about the lives of its people.
As a result, even United Nations human rights organizations have criticized the Turkish government's actions and demanded that Turkey resolve the current problems as soon as possible.
But special money will not fall from the sky, and the southeast battlefield is burning money every day, where will the government get the dollar to stabilize the exchange rate and solve the current troubles.
Allowed President Leminda Edal Ergiluan to scold, Kadir Emin Lynn seemed not to hear it, and when the recently turned president finished scolding, Kadir Emin Lynn said: "I apologize for my momentary anger and hope that my resignation will make up for my mistakes." ”
Resign?
A finance minister, but a fat man.
The absence of such a position is certainly excellent.
The anger on Reminda Edal Erjiluan's face dissipated a lot, and he said: "You must resign as soon as possible, we need to divert the anger of the people now." ”
The ministers present were very happy to see the outcome, and the resignation of one minister would show the people the determination of the government to extinguish the anger of the masses.
But when the new minister was discussed, the room was locked into a heated bickering.
Reminda Edal Ergiluan wants her son-in-law to be succeeded by Istanbul's Financial Secretary Bérad Gilberako.
Other ministers and the military have put forward different candidates.
It is believed that the governor of the central bank, Engel Altan Qadi, has a lot of experience and can take the post of finance minister.
It has also been suggested that the former Financial Secretary is more suitable for the post of Minister.
The military said that the military's statistics have a strong will and the highest quality, and they are more suitable to serve as ministers.
After a long discussion, there was no agreement on who should be the minister.
It wasn't until the three candidates were elected that they announced that they would save Turkey's economy now that an agreement was reached.
Berard Gilberako, the son-in-law of Reminda Edal Ergiluan, believes that Turkey has reached a critical juncture, with many people displaced and suffering from hunger and cold, and the government must stabilize the exchange rate to solve the problems at hand.
Therefore, Berard Gilberak believes that with Turkey's current situation, it is time to apply for assistance from the IMF.
Eventually, an agreement was reached to support Bérald Gilberako as finance minister.
Because Bérald Gilberako calculated that Turkey would need to borrow at least $10 billion from the IMF if it wants to get out of its current economic problems.
On the same day, the press office of the Turkish Presidency held a press conference.
Former Finance Minister Kadir Emin Lynn resigned due to ill health, and the new Finance Minister will be replaced by Bérad Gilberak, the former Istanbul Finance Minister, who is experienced and has a plan to solve the current crisis.
1 February 1993.
Turkey's central bank has launched a $11 billion bailout request from the IMF.
Given the severity of Turkey's economic problems, the IMF sent a team of six experienced workers and a special adviser to Istanbul.
Kane Walker was the chief monetary researcher of the Federal Reserve, and before joining the IMF, he even helped Mao formulate a shock plan for economic reform.
Ian Bausch & Lomb has held key positions at the Bank of France and has in-depth research in the field of economics and finance.
Tom Pattinson, one of the founders of the neo-liberal economy at the University of London, abandoned classical economics and put forward very sound and successful proposals for economic reform and development in Britain during the reign of Margaret Thatcher.
The great Mao Valery Marikov, one of the most famous economists in the former Soviet Union, has been persecuted, but has never let go of the study of the economy, this economic expert when Kane Walker proposed the reform of the shock plan, openly criticized the shortcomings of the shock plan, so it has a great influence in Central Asia and Eastern Europe.
In the team of six, an expert in oriental faces stands out because of his unique skin color and hair.
He is about forty years old, his face is like a crown of jade, his eyes are like shooting stars, and when he stands there, he has the temperament of a teacher, and he does not look like an economic expert at all.
He Yuanchao.
He has worked in many investment institutions in the United States, won the champion list of currency investment fund managers for a second time, and is said to be the founder of the economics and finance major of a university in China.
As for the Special Adviser.
is an expert in global economics, finance and currency, and Shen Jiannan, honorary trustee of Jiuding University in Manhattan and Odyssey University of Economics and Finance in Ukraine.
Known as the god of investment and money, this expert enjoys a high reputation in the world's financial circles, and his insight, judgment and analytical ability are well understood by central banks.
The IMF believes that if he joins, it can better help Turkey develop an economic reform plan.
Istanbul, Central Bank.
Engel Altan Qadi stood downstairs to greet the IMF team and special advisers who had come to investigate and help Turkey carry out reforms.
Led by Kane Walker, they shook hands and gave a brief introduction.
Everyone had a fake smile on their faces, and everyone knew what this help was for.
Engel Altan Qadi showed the demeanor of a central banker, and he was able to get a piece of the feast anyway.
But apparently, Engel Altan Cady overestimated his demeanor, and when he stood in front of him with a dark-haired, yellow-skinned guy in his twenties with a smile on his face, Engel Altan Cady wanted nothing more than to smash that smiling face.
Damn it!
Let this notorious bastard help us, why not let the weasel go and give the chickens a New Year's greeting.
You damned scoundrels and robbers, can you be more shameless?
Engel Altan Kadi looked at Shen Jiannan, the smile on his face almost froze, as the governor of the central bank, he knew too well how disgusting a bastard like Shen Jiannan was.
The front is still singing empty Turkey, and now it is running to help Turkey.
This notorious international underdog, however, has been put on the guise of aiding Turkey.
It's just too deceitful!
Shen Jiannan didn't feel that he was deceiving people too much, with a sincere smile on his face, he shook hands with Engel Altan Kadi and said, "Mr. Kadi, it's a pleasure to meet you, I'm Shen Jiannan." ”
Engel Altan Kadi couldn't help but use the strength in his hand to the limit, and said with a smile: "Mr. Shen's name is like thunder, and Kadi has admired him for a long time. Many countries have benefited from your help to restore economic stability, and it is a privilege for us to have you come to help us this time. ”
Naked mockery.
But a guy like Shen Jiannan has long been faceless and skinless.
With a hint of self-satisfaction that could just be seen, the guy said: "Thank you President Kadi for your compliment, just as the purpose of our visit is the same, I believe that with our joint help to Turkey, the current problems will be solved soon." ”
Hi!
Let's make money together!
Engel Altan Kadi was so angry that Shen Jiannan's face turned blue with anger, and he let go of his hand angrily, not wanting to see this kind of scum again.
The group entered the elevator of the central bank building under the leadership of the Turkish side, and in an instant, He Yuanchao shook his head gently towards Shen Jiannan, but he couldn't help but smile a little.
Shen Jiannan smiled slightly, but in his heart, he was extremely emotional and complicated.
This teacher, who had heard his name and admired his deeds, but did not see him, did not expect to meet in this situation.
A country's economic problems are actually similar to the operation of a company.
The problem that Turkey is facing today is, to put it simply, a financial problem that it cannot make ends meet.
To solve this problem, what needs to be done is to increase revenue and reduce expenditure, stimulate the economy, and reduce expenditure.
IMF members, led by Kane Walker, have proposed that the IMF can provide Turkey with a loan of up to $10 billion, but that Turkey must accept the IMF's proposed reform plan under the IMF's bailout agreement.
The scheme is simple.
The value of labor is one of the units calculated in the value of capital.
Turkey's state-owned operation has created a resource monopoly, workers are slack, and management is slack, so it lacks competitiveness in market management.
The Turkish Tobacco Company, Turkish Oil Refineries, and Istanbul's six major shipping ports are the most severe.
This bloated monopoly of the government must be interrupted in order to be able to play the role of the market.
Secondly, the telecommunications industry has extremely high economic value in the development of modern economy, but the Turkish telecommunications industry is under the monopoly of state-owned capital, with frequent problems and poor service attitude, resulting in the slow development of Turkish telecommunications companies.
And in the financial sector, Turkey also has a variety of problems.
Turkish Commercial Bank, 10 banks including Turkish Guaranty Bank, AKBank, Yapi Kredi Bank, Vakifbank, and insurance and securities companies have serious nepotism drawbacks.
The appointment of family members at all levels of senior management is a very unhealthy way of running in the banking system.
After talking about the disadvantages of Turkey's state ownership, Kane Walker said to Shen Jiannan, special adviser: "Mr. Shen. Do you have any suggestions?"
Shen Jiannan raised his eyebrows and said, "With Mr. Walker's professional standards, these suggestions are naturally reasonable. At present, Turkey's state-owned capital monopolizes all walks of life, and this backward operation is bound to need to be reformed in order to help Turkey's financial profitability recover as soon as possible. ”
"However, the financial problem is nothing more than to increase revenue and reduce expenditure, and according to the data, more than 40 percent of Turkey's fiscal deficit is consumed in armaments. If this is not checked, I think the IMF will not be able to solve the problem at its roots, no amount of financial help. ”