Probably not the best thing for Turkey to be booted out as an industrial partner of F-35 and to be going back and asking for additional F-16s (Vs and upgrade kits). How is this the best thing? And if they don't get F-16s, it will be Typhoon. Sacrificed a Gen 5 aircraft to go back to Gen 4 compromise, only because of Erdogan's impulsiveness and lack of rationality.
Same principles that has been used for economic mismanagement and firing economists from central bank as in 8 years the Turkish lira is worth 1/8th of what it used to be. Great if you want to visit a cheap place as a tourist, but horrible if you live there and see your purchasing power vanish....
Who thought that Greece would have a saner approach
Turkiye is a country with a resident population approaching 100 million; and over 100 million together with its diaspora in Europe, the Balkans and the Middle East. It is a country whose industrial capacity has increased by 30% annually, and its industrial figures have been breaking new records every month. There is a complete boom in industrial investments. It is visited by 40 million tourists annually; together with its facilities and institutional infrastructure, it holds the most important tourism industry in its region. It doubled its energy supply in 20 years, and rebuilt its entire logistics and infrastructure. It is either a regional leader or has the highest growth figures in Europe in many sectors such as automotive and sub-industry, shipbuilding, machinery, manufacturing, construction and defense. It is the strongest country in the region in terms of service sectors. With the efforts of TPAO, it will end foreign dependency on fossil fuels in 20 years(which is biggest problem of Turkish economy right now), and it will become production center for strategic industrial raw materials, especially with REE, with organizations such as Eti-Maden. It is becoming production center that is opening Europe's largest facilities in renewable energy and battery production for example. Even now, only machinery exports are greater than Greece's total exports. In debt terms, the ratio of the country's total external debt to GDP is 37%.
The devaluation of TL does not mean everything by itself as a macroeconomic indicator. You can't get a meaningful macro view without combining this with industry and production data, sectoral profitabilities and balance sheets.
Wide space and advantages created by the geopolitic conditions for Turkiye is a completely different discussion.
Moreover, in which topic are we discussing these issues? Greece. Its population is 7 million. Its entire industry output is smaller than any province of the Marmara region in Turkiye. No production but Its debt stock is 3 times the GDP and it is a technically bankrupt country. It is unlikely that it will even slow down debt growth until 2040. In the field of defense, it is completely dependent on foreign countries and continues to purchase weapons with long-term debts. Greece is the country that spends the most money per capita on armament in the world. The fate awaiting Greece is pretty clear if Turkiye heats up the arms race a bit.
With regard to the F-35, Turkiye has made good profit of approximately 7-8 billion dollars from this project, which is large enough to finance the MMU. The project, which started in 2011, will start delivering aircraft to the air force as of 2028. In another important project, Kızılelma, deliveries will start from 2025.
The structuring in defense, which started after the 1974 embargoes, turned into a de facto strategy with the 2004 SSIK decisions. We will begin to see the results of these efforts from the end of the 2020s. We have a few barriers ahead of us. However, there are very good developments in these areas that increase our hope. Our aim is to end foreign dependency in the field of defense and security, in a model similar to that of France. As a by-product of these efforts, the Turkish defense industry is the fastest growing sector in the world in terms of turnover, and exporting to 176 countries today.
In fact, I can discuss each of these issues one by one under its own special title, and show you very detailed reports and international audit results. However, your superficial knowledge of Turkiye's opinions is just as much as some media campaigns and news headlines that have been caught in the tail of the anti-TR campaign, so your awereness is not suitable for discussing them.
