Word: turkeys
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Dates: during 1970-1979
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Eager to return to power, Demirel blames Ecevit for the fact that Turkey is threatened by bankruptcy. The country has exhausted its foreign exchange reserves, faces $13 billion in foreign debts, and total exports earnings ($2.3 billion last year) barely cover the cost of imported oil. A group of 24 nations, led by the U.S., West Germany, Britain and France, agreed last month to provide $1.5 billion in emergency assistance. That aid was contingent on Turkish acceptance of an austerity program proposed by the International Monetary Fund...
Ecevit, who only a few months ago was boasting that "Turkey will depend solely on her own resources," last week bowed to fiscal realism. He agreed to a demand by the IMF that the lira be devalued by a whopping 70%. Devaluation should restore Turkey's credit with the international banking community, clear the way for billions more in aid, and improve the country's balance of payments by making its exports more competitive. But the move will make life even more miserable than ever for the average Turk, who must cope with an annual inflation rate...
...lives in the past 18 months. The worst incident occurred in December, when 111 people were killed in a sectarian clash between the generally right-wing Sunni Muslims and the often left-leaning Shi'ite Muslims. An ardent civil libertarian, Ecevit reluctantly imposed martial law in 13 of Turkey's 67 provinces. Martial law was later extended to six eastern provinces to head off potential Kurdish unrest stimulated by the revolution in Iran...
...their parliamentary squabbling, Ecevit and Demirel are divided more by personal animosity than by ideology. Demirel, by profession an engineer, generally favors free-enterprise solutions. Ecevit, a poet and the son of a university professor, leans toward mildly socialist ones. Turkey's real problem, though, is that neither party is strong enough to govern effectively. Still, Ecevit sounded optimistic about his own political future and that of his strategically important country in an interview with TIME Rome Bureau Chief Wilton Wynn...
...South Vietnamese diplomat. JFK '40 and his progeny eat at Elsie's on Mt. Auburn St., a lunch spot so famous the tour buses stop there. Elsie's is probably the best lunch bargain around-generous helpings, good low prices. Everyone who's anyone has the roast beef or turkey deluxe. (TD to the initiated...