Güven Sak, PhD
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Why credits to SMEs drop while bank credits increase?
For a while I am trying to call attention to the dual structure of the recovery process. At first glance it appears that positive growth it achieved. After the rapid…
“Turkish firms cannot easily receive bank loans until they institutionalize”
At the beginning of the weekend we examined why people saying "I actually am quite content with the current crisis" believed so. As we know, there is a group of…
Why doesn’t Obama shout at the media?
The developments witnessed last week should be taken as an evidence for how the removal of basis for consensus in a country tangles the situation. The removal of the…
Please fasten your seat belts
Everyone has their own problems. If you hear the parties in struggle, they have fantastic claims and they think they are right. They are telling with passion the unfair…
Why should the fiscal rule be different than that proposed in official arrangements?
I suppose it was a couple of years ago. Back then, I was of the opinion that "Turkey does not necessarily need the IMF. The way to get rid of the IMF is to take rapid…
Have you checked the survey by the Istanbul Chamber of Industry?
Turkey's economy has been demonstrating a dual structure for a certain time. There are 'well-off firms' on the one hand and 'firms the endurance of which are tested…
“I am sixty years old and I have never seen such a low interest rate before”
This is what a man from the "I currently live what the figures will tell you three months later" school said recently: "I am sixty years old. In my whole life I have not…
What Tekel and university exam candidates have in common
This week I shared with you my opinion on TEKEL workers issue. In the meanwhile, the students who will take the university entrance exam this year were drawn into the…
What is this ‘TEKEL workers’ issue about?
It is evident that given the current milieu, TEKEL workers are profoundly righteous; there is no need to hum and haw. There exists the risk of a deep social disaster…
Greece is definitely European Union’s concern
Public finance problems of Greece are an issue not only for Greece itself. In this context, the declaration made by Papaconstantinou, Finance Minister of Greece is not…
What is Turkey’s growth strategy?
We started to talk about the dynamics of Turkey's economy. First of all in the last week, we addressed low savings rates. The step to be taken in this regard was to…
Does growth have to be polluted?
Turkey has been changing impressively since 2002. It achieves high growth rates on the one hand and a rapidly changing economic structure on the other. Turkey has become…