Yusuf Dinç All daily Yeni Şafak Columns

24.11.2024, Sunday
10:14

Yusuf Dinç

27 columns listing

Türkiye needs its own Draghi, too

16 September 2024, Monday

Former European Central Bank President Mario Draghi has outlined a comprehensive framework for the ailing European economy. Europe, having handed over its will to the U.S., sabotaged its own energy pipelines, shut down its nuclear plants, and shot itself in the foot with the standards it developed... Draghi also offered recommendations for Europe's recovery and regaining its competitive edge, positioning economies like the U.S. and China as adversaries. Among the many issues, the most striking is

Energy Independence or Independence from Energy

27 August 2024, Tuesday

Energy has become the subject of geopolitics. That’s why I say that for an issue to be considered a geopolitical risk, it must arise around Türkiye—because energy is here. Last week, I wrote that it’s not Iran that’s cornered in Basra, but China. China didn’t react strongly to the pressure in the Red Sea because it had taken precautions with its corridor projects. But when it comes to Basra, it’s not as indifferent. Even its extensive preparations are not enough. China’s policy focus has shifted

Can Italy Establish an East-West Balance?

29 July 2024, Monday

Meloni has started to pursue a very active political agenda. She is not only contributing to filling the leadership void in Europe post-Merkel but also reshaping Italy’s image. Initially, it seemed she was struggling, but now it appears she is reinterpreting Italy’s interests through a new paradigm. There's a Turkish saying, "The head that wears the crown becomes wiser," which fits this situation. In 2019, Italy joined the Belt and Road Initiative (Silk Road). At the time, as the first and only

Direct investment comes from the East

07 July 2024, Sunday

Previously, I mentioned that direct investment from the West wouldn't come because it's over. Apparently, hot money isn't coming from the West either. Recent reports indicate only a small portion of such inflows. The West is left with cheap tricks like lifting sanctions, raising ratings, or moving countries on and off grey lists. I say cheap because these criteria don't hold significant weight in the broader context of direct investment. However, I'm still genuinely curious: when will the US lift

How will Iran overcome these tough days?

23 May 2024, Thursday

As two major powers, Iran and Türkiye, continue their policies while watching each other's backs, it's a fact both states are geopolitically aware of. However, the depth of historical and cultural closeness between the peoples of both countries can never be overlooked. Since the evening before last, the helicopter crash involving Iranian President Ebrahim Raisi has been closely followed from Türkiye with the highest curiosity after Iran. Such keen interest doesn't arise in any other country. This

Is World War III about to break out?

27 March 2024, Wednesday

The most striking question in recent years is whether the "third world war will break out." There is also a version of this question as "has the third world war broken out." For some, there is no doubt about whether it will happen or not; it's just a matter of when it will start. Since no one has yet asked the question, "when will the third world war end?" we cannot assume that the war has begun. However, as tensions continue to escalate, it is necessary to provide an answer to the lingering question

Was the policy rate increased for economic reasons?

24 March 2024, Sunday

Before the Central Bank raised the policy interest rate to 35%, it was thought that this level would be sufficient. When the interest rate actually reached 35%, the expectation shifted to 45% when it was seen that the central bank's foreign exchange reserves stopped growing. Then this expectation came true. The Central Bank raised the policy interest rate to 45%. From that moment on, the market gained quite a bit of foresight. The parameters settled somewhere among the actors in the economy. Even

How much does US debt amount to?

12 March 2024, Tuesday

It is widely accepted that the United States has become the world's policeman by making use of the smart ones. The key factor ensuring the success of its endeavors is the cunningness it employs. That notorious cunningness is the cunningness of the East... On the contrary, there is a much more challenging, intense, and burning situation: the devilry of the West... A devilry that tramples upon the thoughts of those in the position of Eastern cunningness, thinking, "Let's not speak out against capitalism;

Türkiye will continue on its path without the IMF

09 March 2024, Saturday

The Egyptian economy has been in a tight spot for a while. Its internal issues were compounded by an unfavorable global conjuncture. As the world was turning away from globalization, the dwindling international capital flows and foreign direct investments were shifting towards alternatives like India. Consequently, Egypt lagged behind in the escalating global competition for diminishing capital flows. Its foreign exchange deficit was truly putting a strain on the economy. As this situation persisted,

What does capitalism want from us?

10 February 2024, Saturday

Capitalism, being the product of a class society, has not only designated the factors of production but also served as a classification function. In the classical classification of early capitalism, societal layers were divided into the bourgeoisie and the working class. The bourgeoisie essentially refers to those living within the city walls, i.e., urbanites. The act of migrating from villages to cities is also referred to as bourgeois… However, in capitalism, as was debated fervently at one point,