It is a soap opera. First, PM Davutoglu says after his meeting with financiers in New York that the Central Bank will do whatever it takes to stabilize the currency and Monday is a good day for the lira. Second, Erdogan's best buddy Economy Minister Zeybekei on TV says the CB doesn't have to do anything because everything is fine and Tuesday is a bad day for the lira. Thirs, at the end of Tuesday afternoon Davutoglu says CB is doing a great job and stresses its independence and, guess what, so far Wednesday is a good day for the lira. So the ball is now back with the Erdogan gang to sabotage this improvement. Continuing ... on the ever popular "Life with the AKP", daily installments.
When RTE moved to the Presidency and built Xanadu I thought, along with most people I guess, that Davutoglu was just a glove puppet. But now he seems to have allied with Deputy PM Babacan (architect of AKP "economic miracle" of the first ten years of AKP government) and Babacan's close mate Basci at the CB. Splits in AKP now seem to be coming to the fore - and not just on economic/financial matters. Perhaps Gul will stand in June (does anyone know?) and help to stir things further. Is RTE scheme of transferring real power from the Prime Ministry to the Presidency going to be possible?
But now, back to the continuing saga of "What the Lira did Next".
