Скачать с ютуб Ulf Kristersson pledged 500 million Swedish kronor, about $48 million, in support for Turkey - Syria в хорошем качестве

Ulf Kristersson pledged 500 million Swedish kronor, about $48 million, in support for Turkey - Syria

Subscribe here: https://bit.ly/eudebates Swedish Prime Minister Ulf Kristersson pledged 500 million Swedish kronor, about $48 million, in support for Turkey and Syria. “This conference has one clear goal, to make the rebuilding of everyday lives easier,” he said. During a visit to Turkey after the earthquakes, NATO Secretary-General Jens Stoltenberg, who hopes both Nordic countries join the alliance before a summit in Lithuania in July, made an effort to explicitly thank Sweden and Finland for “showing solidarity in action” with Turkey. He thanked Sweden, in particular, for co-hosting the EU conference. Quakes caused $104 billion in damages, equivalent to about 9% of Turkey’s economy!!! Turkey is scrambling to find reconstruction funding as the economic toll from last month’s earthquakes tops $100 billion, posing challenges for a country already struggling with a depressed currency and one of the world’s highest rates of inflation. On Monday, the European Union launched a donor conference to raise funds for Turkey and Syria in the aftermath of the Feb. 6 earthquakes, which killed more than 56,000 people across both countries, uprooted millions of people from their homes and destroyed countless businesses, public buildings and factories. International donors pledged seven billion euros, equivalent to about $7.5 billion, in funding for earthquake relief for both Turkey and Syria during the meeting in Brussels on Monday, officials said. European Commission President Ursula von der Leyen said the bloc would provide Turkey with 1 billion euros for postearthquake reconstruction, and pledged to provide Syria with an additional €108 million. “Six weeks later, the scale of the devastation is still being uncovered,” said Ms. von der Leyen. “The needs of the survivors are still massive, and must be addressed with urgency.” Still, the EU’s aid commitment is a fraction of what Turkey needs. The earthquakes caused $103.6 billion in damage, equivalent to about 9% of the projected size of the country’s economy this year, according to a joint assessment by the Turkish government, the United Nations, the World Bank and the EU released last week. The damage caused to housing in Turkey alone amounted to nearly $57 billion, according to the assessment. The earthquakes added stress to Turkey’s economy when it was still reeling from a currency crisis that wiped more than half the value off the Turkish lira, following a series of interest-rate cuts imposed at the insistence of President Recep Tayyip Erdogan in 2021. Turkey, with its resilient banking sector and manageable national debt, would be in a better position to fund its postearthquake reconstruction were it not for the government’s unorthodox monetary policy, economists say. Rebuilding after a disaster can even be an economic stimulus, but Turkey is starting from a place of deep economic strain, according to analysts and former Turkish officials. “The current economic situation is not sustainable,” said Fatih Ozatay, a former vice governor of the Turkish central bank. Mr. Erdogan has demanded lower interest rates despite inflation that remains at more than 55%, after peaking at more than 85% last year, according to the state statistics agency. Mr. Erdogan favors lower interest rates as part of an unconventional strategy to stimulate economic growth, and has argued that lower interest rates will eventually calm inflation, contrary to what has been observed in economies throughout modern history. Turkey’s central bank spent more than $100 billion last year in an effort to prevent a further slide in the lira, economists estimate. The central bank is set to make another decision on interest rates on Thursday. The country’s economic turmoil has unraveled living standards for a generation of Turkish citizens who were lifted into the middle class earlier in Mr. Erdogan’s two decades in power. Those economic problems, along with public outrage over the government’s initial handling of the disaster, are putting pressure on Mr. Erdogan’s government ahead of an election scheduled for May 14. “It is not possible for a single nation to tackle a crisis of this scale on its own,” said Mr. Erdogan, addressing the donor conference remotely on Monday. Turkey’s role in European geopolitics looms large over the fundraising effort. Sweden is co-organizing Monday’s conference at a time when it also needs Turkey to approve its entrance to the North Atlantic Treaty Organization. Stay connected with us! Facebook:   / eudebates.tv   Twitter:   / eudebates   Instagram:   / eudebates.tv   #eudebates the unique initiative aiming to promote debate, dialogue, knowledge, participation and communication among citizens. #Turkey #Syria #earthquakes #earthquake #earth #survivors #survivor #Türkiye #VonderLeyen