Daily Sabah

The Tehran summit and the quest for new currency systems

The trilateral summit between Turkey, Russia and Iran over the weekend will have both political and economic repercussions like all meetings of this kind. The three countries will discuss the Idlib question, as well as regional economies and alternatives to…

The Trump issue and the Turkish economy

We need to answer the following question in order to correctly express the Turkey-U.S. crisis: Can the U.S. offensive policy toward Turkey and the entire world, in violation of World Trade Organization (WTO) rules, be explained with the impasse Donald…

A bad history: Luce, Nixon, Trump and others

Turkey, as President Recep Tayyip Erdoğan puts it, is undoubtedly facing an economic attack today. Indeed, this attack not only targets the Turkish economy and security, but it is also a well-rounded operation on all the legitimate and open areas…

The target is not Turkey, but global economy

U.S. President Donald Trump read out the new National Security Strategy document on the last days of 2017. Back then on Dec. 21, 2017, I had written in this column that “the U.S. National Security Strategy document, which President Donald…

Laws of economy and futile US ‘sanctions’

Panicked over the rapid depreciation of its currency against the basic reserve currency a while ago, Iran fixed the value of its currency against foreign currencies and brought restrictions on foreign currency circulation. Back then, I had written that Iran’s…

The ‘first hundred days’ and economic policies

The steps to be taken within the first hundred days at the beginning of periods of great transformations are like the future scorecard of a government. I have been thinking on former U.S. President Franklin D. Roosevelt’s New Deal, which,…

US threats will backfire

Let us begin with the following sweeping statement: “Long-term diplomatic tensions between countries are ultimately based on the economy. If tension takes a long time and renews itself with lame excuses, the old economic equilibrium is about to end or…