Find news published in the date range below
and and
and and
and and
Clear
Euro
Arrow
53,9333
Dollar
Arrow
44,7231
Sterling
Arrow
62,9916
Gold
Arrow
6255,6644
BIST 100
Arrow
10.729

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.

Don't leave your news choices to an algorithm - decide for yourself what you read. Add 12punto to your preferred sources!
Striking 'Turkey' message from British economist: Pointed to pensions

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?


News Source: 12punto

Related News

Timothy Ash Retiree Inflation