Inflation is a problem everywhere but in Turkey it is currently a staggering 73.5%, with no end in sight. Still, President Erdogan insists on maintaining low interest rates.
The Turkish leader will be in Saudi Arabia for a two-day visit where relations "will be reviewed." It will be Erdogan's first visit since the 2018 killing of journalist Jamal Khashoggi at the Saudi consulate in Istanbul.
Turkey is one of the many countries calling for calm in Ukraine. President Recep Tayyip Erdogan says his government will relentlessly try to find a long-lasting ceasefire and Turkey has already hosted the first high-level peace talks between the Russian and Ukrainian foreign ministers. But Ankara is walking something of a tightrope because it's traditionally a friend of Ukraine and has been supplying drones to Kyiv. Yet it also depends on Russia for gas. Our Turkey correspondent Jasper Mortimer tells us more.
Turkey’s economy is in crisis. But President Erdogan had his head in the sand. So, how long can he cling on to power? And what will follow? Guests: Sinem Adar (SWP), Bülent Mumay (journalist), Christian Hanelt (Middle East expert)
Inflation in Turkey has soared to nearly 49 percent - the highest level in two decades. It's another sign that President Recep Tayyip Erdogan's unorthodox monetary policy may not be bearing fruit. Also in the show: as energy prices surge, British authorities unveil more financial aid for electricity bills, and Facebook shares plunge as it reports a drop in user numbers for the first time.
Turkey's President Recep Tayyip Erdogan is defying the standard prescriptions for inflation – the country's worst in nearly two decades – by burning through currency reserves and central bank governors to keep interest rates low. As those reserves dwindle and lines lengthen at subsidised bakeries, we ask our guests about the impact on ordinary citizens and why Erdogan is holding out, with cues to booming exports which he says are the flipside of a plummeting lira.
Inflation in Turkey has soared to its highest level in nearly two decades. Despite the 36% surge in consumer prices, President Recep Tayyip Erdogan has defended his unorthodox economic vision. France 24 Correspondent Jasper Mortimer has the latest from Ankara. Also in the show - the French government expands emergency support for businesses affected by the pandemic, and Apple becomes the first US company to be worth $3 trillion.
Relations between Turkey and Saudi Arabia had soured over the 2018 killing and dismemberment of the US-based Saudi reporter Jamal Khashoggi in Istanbul.
13 Dec 2021
Turkish President Recep Tayyip Erdogan has defended his "economic vision", even as the lira continues to hover near record lows. The plunge in the value of the currency has left many families struggling to make ends meet. Also in the show: the EU outlines a new trade strategy to give it more leverage against countries that try to coerce the bloc for economic or political gain.
29 Oct 2021
After declaring 10 diplomats from Western countries "persona non grata" over their support of a civil society leader, it appears Turkish President Erdogan has changed his mind.
20 Oct 2021
The US had previously blocked Turkey from buying fighter jets because the Turkish government had purchased S-400 defense air systems from Moscow.
20 Oct 2021
Turkey's President Recep Tayyip Erdogan said he hopes to continue working well with new German government during Chancellor Angela Merkel's farewell visit to the country.