\u00a9The law of intellectual property is prohibited in any way unlawful use\/appropriation of this article, with heavy civil and criminal penalties for the infringer.<\/em><\/p>\n\n\n\n Turkish Islamic nationalism<\/strong><\/strong><\/p>\n\n\n\n This “deprivation”, which Turkey calls the deprivation of vital marine space, does not, and always according to President Erdogan’s narrative, provide it with the possibility of exploiting natural gas and oil deposits respectively in the Eastern Mediterranean maritime region, which in such a case Turkey would, by exploiting them, would stimulate the dynamic development of the Turkish economy.<\/p>\n\n\n\n The theory of vital space, and in the way it is expressed and used by the Turkish President, makes Turkey completely illegal in the Eastern Mediterranean and as a term was first used by Adolf Hitler’s Nazi Germany to justify the expansionism of the then Nazi Germany that led to the Second World War.<\/p>\n\n\n\n In the case of Turkey we do not have national socialism as in then Nazi Germany, but Islamic-nationalism, which uses in its doctrine many elements from fascism (fascism-sacrifice of the individual in favor of the state) and from Nazism (Nazism-sacrifice of the individual in favor of the higher race). Turkish Islamic nationalism means sacrificing the individual in favor of the higher religion and the leader.<\/p>\n\n\n\n Turkish President Recep Tayyip Erdogan’s ‘narrative’<\/strong><\/strong><\/p>\n\n\n\n The Turkish President’s political “narrative” that the extraction, exploitation, disposal and marketing of gas and oil deposits in the Eastern Mediterranean will save the Turkish economy has a lack of arguments.<\/p>\n\n\n\n Firstly, no one has documented with evidence the existence of this mineral wealth in the maritime areas of the Eastern Mediterranean illegally claimed by Turkey. Currently, demand for fossil fuel consumption is in the nadir, making oil prices move in a low-price range.<\/p>\n\n\n\n At the same time, many EU-led countries have begun to gradually implement the ambitious “green transition” project of its economy, which means that its economy will increasingly become independent on fossil fuels and the future demand for oil will remain low. <\/p>\n\n\n\n This means that the extraction, promotion-supply and marketing of oil and gas from such great sea depths do not meet the economic conditions for their profitable exploitation. Moreover, Turkey does not have sovereign rights or fulfil international legitimacy in the specific maritime areas of the Eastern Mediterranean to exploit them.<\/p>\n\n\n\n A sound policy on Turkey’s part would be the ever-increasing rate of investment in clean energy production that would lead the Turkish economy to its own ‘green transition’. These investments should be made in South West and South Eastern Turkey.<\/p>\n\n\n\n Moreover, if the Turkish President had pursued a moderate policy with the countries neighbouring Turkey, he would have managed to make Turkey a transit hub for gas and oil. The fact that it is in crisis with all the countries neighbouring Turkey shows that no one trusts this role in Turkey.<\/p>\n\n\n\n The Damages to the Turkish economy and society respectively<\/strong><\/strong><\/p>\n\n\n\n President Erdogan’s aggressive strategy to date exacerbates the crisis of confidence manifested internationally at the expense of the Turkish economy. Turkey’s illegal maritime research activities in the Eastern Mediterranean have also led to a deterioration in the creditworthiness of the Turkish state and the Turkish banks (Moody’s).<\/p>\n\n\n\n At the same time, the slippage in the price of the national currency has accelerated, in relation to the euro and the dollar. As a result of these policies, Turkey’s economy has been increasingly hit and sanctioned by international capital markets.<\/p>\n\n\n\n Capital flight abroad, disappearance of valuable tourist currency, postponement of investments, exchange rate crisis and continued fall in the international exchange rate of the currency is the tip of the iceberg of problems in the Turkish economy.<\/p>\n\n\n\n Given that Turkey must import gigantic amounts of energy and pay for them in US dollars, such a slippage in the Turkish lira is a huge loss.<\/p>\n\n\n\n The prices of fuel, medicines, and imported products in general will increase drastically and their purchase will become remarkably formidable for millions of Turkish citizens who are already in the status of extreme poverty. Due to the treatment of the Covid-19 pandemic in the summer of 2020, the tourism industry did not work to provide the foreign exchange reservesl, which is vital for the Turkish economy, so the situation will deteriorate.<\/p>\n\n\n\n Turkey is no longer able to further devalue its currency to benefit its export businesses. This also means that government spending will increase dramatically, while incomes will fall further as tax payments and other living needs remain at the same if not higher level.<\/p>\n\n\n\n A significant proportion of Turkish banks have borrowed capital in hard currency (euro, dollar) due to the prevailing low interest rates. The total foreign currency loan portfolio makes up 40% of all loans. In addition, a large proportion of Turkish companies have borrowed in foreign currency.<\/p>\n\n\n\n Their inability to repay will cause a domino of bankruptcies, dragging Turkish entrepreneurship into a huge bankruptcy vortex, causing a huge increase in unemployment, a loss of revenue for state coffers and losses of social security contributions to Turkey’s social security funds.<\/p>\n\n\n\n At the same time, the revelations of the International Consortium of Investigative Journalists in collaboration with Buzzfeed and U.S. Fin Cen files reveal that Turkish President Erdogan and his family are “laundering” black money through Turkish banks that funnels it into investments abroad.<\/p>\n\n\n\n The Central Bank of Turkey in the summer of 2020, in its bid to support the Turkish lira’s exchange rate, spent $65bn, thereby reducing its foreign exchange reserves to $40bn in early September 2020. At the end of September, it is highly likely that Turkish citizens will also suffer the EU sanctions imposed.<\/p>\n\n\n\n In this case we will have a complete collapse in the already broken Turkish economy, leading to a deep economic recession and poverty respectively of millions of Turkish citizens.<\/p>\n\n\n\n Turkish management of migration-refugee problem against EU as a blackmail weapon<\/strong><\/strong><\/p>\n\n\n\n Turkish President Recep Tayyip Erdogan for the second time since (2015-2016) tried to blackmail the EU by releasing migration flows from Turkey to Greece in March 2020. Its aim, as it was then, was to create discord in the EU over the management of the migration-refugee problem and to extract as many benefits as possible.<\/p>\n\n\n\n![\"Islam](\"https:\/\/www.liberalglobe.com\/wp-content\/uploads\/2020\/10\/image.jpeg\")
Photo by the website https:\/\/en.wikipedia.org <\/figcaption><\/figure><\/div>\n\n\n\n![\"\"](\"https:\/\/www.liberalglobe.com\/wp-content\/uploads\/2020\/10\/image-7.png\")
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