Economy statement from DEM Party: Alarm bells are ringing, Parliament must meet extraordinarily

DEM Party Co-Chairs Tülay Hatimoğulları and Tuncer Bakırhan made a joint written statement regarding the developments in the Turkish economy. In the statement, inflation, bankruptcies, debt burden, increase in fuel prices and developments in Borsa Istanbul were pointed out.

Hatimoğulları and Bakırhan said, "Chronic inflation, increasing bankruptcies, growing debt burden, increase in geopolitical risks, increases in fuel prices and finally the great chaos and profiteering that emerged as a result of lack of control in Borsa Istanbul... Alarm bells, not warning voices, are ringing in the Turkish economy anymore."

"THE GOVERNMENT SHOULD TAKE CONCRETE STEPS"

In the statement, it was stated that inflation dragged social life into uncertainty and darkened individual lives, and that fuel prices exceeded 100 lira per liter. Hatimoğulları and Bakırhan called on the government to say, "In this situation where fuel prices exceed one hundred liras per liter, the government should take concrete steps instead of watching the despair of millions of citizens, tradesmen, producers and industrialists."

In the statement, it was stated that the Turkish economy "could not get out of the longest dark winter in its history", and it was argued that the debt reached record levels and the situation created by banks making billions extinguished the hope of the society.

Hatimoğulları and Bakırhan evaluated, "Freely earning from interest and rent spreads the idea of ​​earning money without working hard. This both erodes institutions and paves the way for social decay."

"WHAT DID THE SUPERVISORY INSTITUTIONS DO?"

In the statement, attention was also drawn to the developments in Borsa Istanbul. Co-Chairmen said, "The unequal and unfair economic order shook our citizens once again with the chaos experienced at Borsa Istanbul yesterday."

It was stated in the statement that following the failure of some investment funds to pay participants and the news about some companies, BIST 100 lost more than 6 percent of its value and the circuit breaker was activated, causing one of the biggest losses in recent years.

Hatimoğulları and Bakırhan said, "The questions that need to be answered now are obvious: How long have these risks been known? What did the supervisory authorities do? Why could not the growth of investors' losses be prevented?" asked questions.

"WE ARE IN AN INTERESTED CRISIS"

In the statement, it was argued that the Turkish economy was in an intertwined crisis with the losses in Borsa Istanbul, and said, "One dimension of this crisis is direct profiteering, the other dimension is the lack of control of institutions that move away from merit and the mismanagement of the economy."

In the statement, it was stated that in addition to the developments in Borsa Istanbul, the FED's interest rate increase on September 16, high energy prices, global uncertainty increased by regional wars, increasing debt burden and despair increased the pressure on the Turkish economy.

Hatimoğulları and Bakırhan said, "Taking responsibility for this situation, taking and implementing the necessary decisions for the benefit of 86 million people is an urgent and fundamental duty not only of the government, but also of the Turkish Grand National Assembly and the entire political institution. Eliminating the causes of this crisis and the deeper structural crisis is the common responsibility of the Parliament, regardless of party."

SUGGESTIONS FOR THE ECONOMY FROM THE DEM PARTY

DEM Party Co-Chairmen listed the steps to be taken against the economic crisis as follows:

"Taking measures that will take the burden of fuel off the shoulders of small producers, reduce production costs by subsidizing the fuel used by farmers and small producers, use public resources to support labor and production instead of rent and privilege, carry out objective and strict supervision in capital markets, impose high taxes on those who profit from interest and rent, especially banks, produce public policies based on merit against corporate erosion, measures to protect victims, not companies, and citizens, not capital owners." "It is time to take priority steps with consultation and common sense, such as restructuring and subsidizing the debts of farmers, producers, SMEs and citizens by deleting their interest, reducing the huge interest burden in the budget, ensuring justice in taxes, and taking measures to ensure that the poor and laborers earn an income worthy of human dignity."

"GNAT MUST HAVE AN EXTRAORDINARY MEETING WITHOUT WAITING FOR OCTOBER 1"

In the statement, it was stated that the Parliament being closed cannot be a reason to wait in the face of economic developments, and added: "There is no justification for waiting in the face of these developments that concern the income and savings of millions of citizens. Every day that passes until October 1 increases the cost of the economic crisis."

Hatimoğulları and Bakırhan used the following statements at the end of the statement:

"Everyone should know that Türkiye's future cannot be sacrificed to stock market games, interest barons and casino capitalism. We must protect the sweat, labor and future of this country together. As DEM Party, we are ready to support and contribute to every step that will take our country out of this bottleneck and be in favor of society. We do not hesitate to take responsibility. Because the future of this country is a common issue for all of us. Our call is clear: The Grand National Assembly of Turkey should convene extraordinarily to take the necessary measures, without waiting for October 1."