Tuesday, April 5, 2022

Paper: Turkish government exploring plans to "initiate a dialogue with the Syrian government"

    Tuesday, April 05, 2022   No comments

Erdogan and Assad, archive picture
 The Turkish newspaper, Hurriyet, reported on Monday that the Turkish authorities are currently in discussions to initiate a dialogue with the Syrian government, which would restore relations between the two countries to normal.

The newspaper quoted informed sources as saying that "the policy of balance recently adopted by Turkey, and the role that Ankara has played in recent months, especially toward resolving the war in Ukraine"... makes the current timing good for resolving Turkey's crisis in Syria.

The sources pointed out that Turkey, "in all its contacts with the Syrian administration," emphasizes 3 indispensable things, namely "preserving the unitary structure and the unity of the Syrian territories, and ensuring the security of refugees returning to their country," in addition to "the activity of the Kurdistan Workers' Party."

According to the newspaper, Ankara conveyed these important messages to Damascus, especially before the visit of Syrian President Bashar al-Assad to the UAE.

This development is one in many initiated by Erdogan's government to stablaize the economy before the elections. Turkish economy suffered due the the Syrian war, which Erdogan assumed would end fast. That did not. Now the Turkish economy is under stress due the war in Ukraine.

A Reuters poll showed, Monday, that "the annual inflation rate in Turkey is expected to rise to 61.5% in April, and only decrease to 52.2% by the end of the year, due to the country's impact on the crisis in Ukraine and the rise in commodity prices."

The average estimate of 17 institutions for annual inflation in April was 61.5%, with expectations ranging between 58.25% and 62.7%, and the decline of the lira and the rise in food and energy prices pushed inflation in February to its highest level in 20 years, recording 54.4% This is despite tax cuts on basic goods and government support for some electricity bills to ease the burden on household budgets.

Turkey's consumer price index has risen since last fall, with the lira weakening after the central bank in September began the 500 basis point cut cycle that Turkish President Recep Tayyip Erdogan had long sought.

Economists pointed to "expectations of global consumer price inflation, in the wake of the Russian military operation, with energy prices reaching their highest levels in several years after the West imposed sanctions on Moscow," explaining that "Turkey imports almost all of its energy needs."


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