New US Media Title for Erdogan: Micromanagement Manager

While the international media are increasing their analysis and news before the elections, which are less than a month away, they are also following developments and pronouncements in the country at the moment.

Bloomberg, one of the leading media organizations in the US, also signed a noteworthy piece of news today. The news in Bloomberg drew attention to the fact that President Erdogan received a new title. The headline was “Turkey’s Micromanagement Manager Faces Test of His Political Career.” It was also noted that the impact of President Erdogan’s preferred economic moves began to manifest itself in the May 14 elections.

The micromanagement method used by Bloomberg is known as a work style that relies on a manager’s meddling and intervention in every detail and every employee within the company, creating unrest among white-collar workers.

“CHIEF SEARCHED FOR NEBATİ”

The report states that on February 14, while Finance Minister Nureddin Nebati was holding a final meeting to keep the Istanbul Stock Exchange closed, his phone rang. “The phone rang and the boss had other plans,” the report says. Nabati and Turkey’s financial controllers worked over the next 24 hours to reopen the stock market and ensure that when it does, the stock market does not crash. It was Recep Tayyip Erdogan, Turkey’s micromanagement manager, who called the phone. From the cost of borrowing to the sale of products, President Erdoğan and his close circle control all aspects of the $900 billion economy.

It was alleged that during the stock market closing meeting, Erdogan called and said he had another request.

Recalling that Erdogan wanted interest rates cut to single digits in November and the Central Bank approved it, Bloomberg commented: “One of the reasons for this may be the replacement of three Central Bank governors in three years.” “After 20 years in power, Erdogan faces the test of his political career. The point in which he is confident lies in the thesis that the majority of the people still want a strong leader to lead the country in the natural disaster that killed more than 50,000 people.

It claims that inflation has risen and the Turkish lira has depreciated, adding: “Erdogan is using his monetary policies aside, his financial and economic clout to engineer a victory in May. Before the earthquake, Erdogan and the AKP announced cheap loans for SMEs, promised early retirement and raised the minimum wage.

“MICROMANAGER RISK…”

Stating that after the earthquakes that struck Turkey on February 6, Erdoğan’s focus was on construction in the earthquake zone, Bloomberg also recalled that he wanted halal due to the late response to the earthquake. Speaking to Bloomberg, new and former senior officials explained Erdogan’s approach without revealing his names. Some officials said Erdogan’s brief employment in the private sector had an impact on his current economic approach.

It was noted that Erdogan embraced the idea that interest is against the Qur’an, and was also influenced by the book titled Fair Economic Order by Necmettin Erbakan, one of the former prime ministers. Witnessing rising inflation while working for a sausage-producing company in Istanbul, Erdogan later became convinced that inflation was primarily a supply-side problem.

Known for his extensive business coverage, Bloomberg said: “The risk for all micromanagers is that when things go wrong, there is only one person to blame. After the earthquake, videos in which Erdoğan praised the zoning amnesty in the earthquake zone in 2019 began to air.

“WE WERE SLOW IN THE EARTHQUAKE BECAUSE THE ORDER FROM ERDOĞAN WAS EXPECTED”

Speaking to Bloomberg, Erdogan’s inner circle said: “Government institutions were slow to intervene in the earthquake zone because they were waiting for orders from Erdogan. Opposition parties publicly criticized him for this reason.”

While it is noted that Turkey has recently made some deals with Russia, Saudi Arabia and the United Arab Emirates, the question to ask here is how much time this will save, including the additional damage caused by the earthquake.