Coronavirus epidemic: Covid-19 can will destroy Turkey. Who will help Turkey?

Coronavirus epidemic: Covid-19 can will destroy Turkey.

Who will help Turkey?

Turkey will perhaps declare a default because of epidemic.

Experts of our Academy of Geopolitics gave many estimates about state of the economy of Turkey, and our work: «The Turkish mafia by means of the Syrian oil and money of the Chinese oligarchs takes the gas market of Europe » caused a protest from many Turkish media: (see https://bit.ly/2KqC8mR).

Turkey is one of the countries, the most injured from Coronavirus epidemic. The country takes the ninth place in the world by the number of the infected people, and epidemiological peak still ahead.

However the state of the economy of the country causes much bigger alarm. The international reserves of the country promptly fall together with lira, and the sum of the currency credits which the companies of the country have to repay within the next 12 months exceeds a quarter of GDP.

Turkey «has chance» to become the first country which declared a default because of epidemic…

Now a situation especially sharp as the majority of obligations are short-term. Residents of Turkey should pay 172 billion US dollars within the next 12 months. This sum does not become covered by the international reserves of the country which make 89 billion dollars now. The clean reserve, excepting the international obligations, makes only 27 billion dollars which more than 90 percent are borrowed local commercial banks within programs of exchange. Without them gold and foreign exchange reserves of Turkey will fall to 1.5 billion dollars that is obvious not that sum which the country can prepare for crisis surely… The unstable position of Turkey does it by one of the weakest links in world economy. GDP of the country quite big — 750 billion US dollars. If Ankara allows a default or its economic downturn will be very strong, chain reaction can extend also to the Kurdish areas which wait for a reason for separation from Turkey long ago…

Returning to the asked question at the beginning of our article: who will help Turkey? – such — again Russia as it was always for the last 100 years, beginning our answer from the contract «Lenin with Kemal», Russia when starving, destroyed sent to a gift to Turkey; specifically here: — Moscow contract (tour. Moskova Anlaşmas ı) — «the treaty of friendship and brotherhood», signed on March 16, 1921 in Moscow by representatives of the government of the Grand National Assembly of Turkey and the government of RSFSR. (https://bit.ly/355s38w )… Whom today do to send to Moscow the Head of Turkey instead of Khalil — pashas? And he can there already? Turkey the policy only to destroy itself, but also together with him and Russia if so is will proceed. About it also Patriots of Russia write in the articles: «As the Turkish leader Ataturk of Lenin deceived» — see https://bit.ly/2yGNQHd .

Be continued.

Arayik Sargsyan, academician, President of Academy of Geopolitics, ex-Honorary Consul of Macedonia.

 

Араик Саргсян, академик, Президент Академии Геополитики, экс Почетный Консул Македонии.

http://rusdozor.ru/2020/04/23/epidemiya-koronavirusa-covid-19-mozhet-razrushit-turciyu/