TL crash has created pessimism — survey
THE economic crisis triggered by the Turkish lira devaluation has created “dangerously” polarised “community without hope” and an unprecedented level of pessimism about future prospects, according to a recent survey.
Carried out in September, the survey by the Centre on Migration, Identity and Rights Studies (CMIRS) showed that 80 per cent of respondents could foresee no improvement in their economic prospects within two years — compared to 17.98 per cent at the last survey in June — and only 4 per cent expected any improvement. Eighty-five per cent believed the country was “moving in the wrong direction” economically, up from 77.9 per cent in June.
The same survey also revealed that the crisis had rocked confidence in the fourway coalition government — now judged “unsuccessful” by 83.34 per cent of respondents, compared with 63.39 per cent in June.
The timing of the telephone poll coincided with the early impact of the currency crisis on daily life, particularly through rocketing food, fuel and utility prices.
“These factors and the government’s failure to fulfil its promises resulted in a community without hope,” said CMIRS director Mini Yucel, describing the level of pessimism revealed as “unprecedented” in the organisation’s quarterly surveys. She added: “In addition to seeing tendencies to individualisation, superficial discussions are being carried out on the basis of slogans to seek solutions for social problems and the community is being polarised. This is a particularly dangerous tendency.”
Other findings showed that most respondents — 35 per cent — believed the Presidency was the most successful in “doing its duty” to pull the country out of crisis, while the government got the thumbs up from 17.3 per cent and the opposition parties from just 9.44 per cent.
Asked what they thought would be the best way out of the economic troubles, 31.33 per cent felt this was by “putting our own house in order” and seeking recognition for the TRNC.
Some 28 per cent believed a federal settlement in Cyprus would bring peace and prosperity, while 13.49 per cent thought annexation of the TRNC by Turkey was the best option.
The survey revealed the government as one of the country’s least trusted institutions, gaining a confidence score of just 2.2 out of five while trade unions scored 2.18, Parliament 2.12 and political parties the least at 1.83.
Police were ranked most trustworthy with a score of 3.2, followed by the judiciary on 3.14, the Presidency on 2.96 and the Ombudsman on 2.85.