2/7 Convincing the electorate that Erdogan is willing to waste lives & $ for the sole purpose of furthering his own political career (& personal power) effectively clouds the genuine strategic & security concerns that 🇹🇷 faces, concerns which force it to go to war every year
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Sep 28, 2021 • 8 tweets • 3 min read
1/6 This is a big deal
Turkey's NIIP/Net International Investment Position (the difference between Turkey's public & private external assets & liabilities), increased by 26.2% from -$393.1 billion (July 2020) to -$290 billion (July 2021)
Continued👇 hurriyetdailynews.com/net-intl-inves…2/6 The NIIP is pretty much the accumulation of a countries yearly Current Account Deficits & Surpluses
When the NIIP is negative, it represents the total debt accumulated by that country resulting from consuming more than what you produce (when imports exceed exports)👇