Striking 'Turkey' message from British economist: Pointed to pensions
Economist Timothy Ash, who closely follows Turkey's economy and politics, used expressions that will disturb millions of public employees and retirees in his post evaluating public austerity measures.
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British economist Timothy Ash evaluated the austerity package announced by Minister of Treasury and Finance Mehmet Şimşek.
Timothy Ash, a senior analyst at Chatham House, one of Britain's leading think tanks, implied in a message he shared on his X (Twitter) account that success in the fight against inflation would not be possible without restrictions on civil servant and pension salaries.
The Turkish translation of Timothy Ash's message is as follows:
Turkey - Şimşek announced 100 billion lira in spending cuts. A 15 percent cut in investments and three-year restrictions on new hiring, vehicle purchases, and public building construction. But are these enough to lower inflation without a real restriction on public salaries and pensions?