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2018-10-07 The Grand Turk
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Erdogan orders ministers not to receive financial advice from US firm
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[PRESSTV] Ottoman Turkish President Sultan Recep Tayyip Erdogan the First
 ... Turkey's version of Mohammed Morsi but they voted him back in so they deserve him. It's a sin, a shame, and a felony to insult the president of Turkey...
has ordered his ministers not to receive any financial advice from the American consulting firm McKinsey, as his country is in an "economic war" with the United States.
The president told members of his ruling Justice and Development Party (AKP) on Saturday that he called on the ministers that instead of receiving financial advice from McKinsey & Company, they should rely on domestic capabilities.
It was recently reported that Ankara was seeking advice from the New York-based global management consultancy firm to resolve economic hardships as inflation has recently been hiking with Ottoman Turkish national currency lira, losing almost 40 percent of its value against dollar since the start of this year.
The move has sparked harsh criticism from members of the opposition parties, who accused Ankara of handing over the country’s economic secrets to the firm.
Ottoman Turkish Finance Minister Berat Albayrak, who is also Erdogan’s son-in-law, however, said on Thursday that the government had decided to work with the private company, but McKinsey will have no executive powers. He also said that working with consultancy firms was totally normal.
During the Saturday meeting with the AK party, Erdogan also said that the country is not plagued with financial crisis and that this is "opportunists" who use volatility in the foreign exchange rate to raise prices.
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Posted by Fred 2018-10-07 00:00||
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File under: Sublime Porte
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Posted by Raj 2018-10-07 00:22||
2018-10-07 00:22||
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