How Erdogan’s Re-election Exacerbated Turkey’s Economic Crisis

Ground News Sale: Compare news coverage. Spot media bias. Avoid algorithms. Download Ground News today and get 30% off your subscription by visiting https://ground.news/tldrglobal. Sale ends June 12!

The Turkish Lira has undergone a protracted collapse under Erdogan's presidency and his recent re-election has renewed pressure on the currency. In this video, we break down this accelerated decline and explain why Erdogan's policy is now unsustainable.

???? Twitter: https://twitter.com/tldrnewglobal
???? Instagram: http://www.instagram.com/tldrnewsglobal
???? TikTok: https://www.tiktok.com/@tldrnews
???? Discord: https://tldrnews.co.uk/discord

???? Got a Topic Suggestion? - https://forms.gle/mahEFmsW1yGTNEYXA

Support TLDR on Patreon: http://www.patreon.com/tldrnews
Donate by PayPal: https://tldrnews.co.uk/funding
TLDR Store: https://www.tldrnews.co.uk/store
TLDR TeeSpring Store: https://teespring.com/stores/tldr-spring
Learn About Our Funding: https://tldrnews.co.uk/funding

TLDR is all about getting you up to date with the news of today, without bias and without filter. We aim to give you the information you need, quickly and simply so that you can make your own decision.

TLDR is a completely independent & privately owned media company that's not afraid to tackle the issues we think are most important. The channel is run by just a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can't wait to grow further and help more people get informed. Help support us by subscribing, following, and backing us on Patreon. Thanks!

/////////////////////////////////////

1 - https://www.bloomberg.com/news/articles/2023-04-28/turkish-lira-surges-in-spot-market-after-gold-trading-rule-tweak
2 - https://www.duvarenglish.com/chamber-of-commerce-reports-istanbul-inflation-rate-as-73-percent-news-62137
3 - https://enagrup.org/
4 - https://www.tcmb.gov.tr/wps/wcm/connect/EN/TCMB+EN/Main+Menu/Core+Functions/Monetary+Policy/Central+Bank+Interest+Rates/1+Week+Repo
5 - https://www.ft.com/content/246951b4-1bcd-4144-a9c9-33f9f6c3e107
6 - https://www.france24.com/en/europe/20230529-from-inflation-to-nato-turkey-s-erdogan-has-stacked-in-tray-for-last-presidential-term
7 - https://www.bloomberg.com/news/articles/2023-05-18/turkish-fx-reserves-shrank-by-record-in-week-before-elections
8 - https://www.bloomberg.com/news/articles/2023-05-18/turkish-fx-reserves-shrank-by-record-in-week-before-elections
9 - https://www.ft.com/content/246951b4-1bcd-4144-a9c9-33f9f6c3e107
10 - https://www.xe.com/currencycharts/?from=USD&to=TRY&view=1M
11 - https://www.politico.eu/article/erdogan-gives-civil-servants-45-percent-pay-rise-in-turkeys-tight-election-race/
12 - https://www.tccb.gov.tr/en/news/542/142228/president-erdogan-announces-new-minimum-wage-as-tl8-500

00:00 Intro
01:23 Context
02:44 Turkey's Efforts to Protect the Lira
05:26 How Erdogan's Re-election Made Things Worse
07:26 What Happens Next?