I am Geros,

I will show you my travels

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My story of travelling through the world

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Recent Blog Post

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  • Even If Turkey Gets Modernized F-16s, Greece Will Still Have A Technological Edge In Airpower – Forbes

    Either way, Turkey will still have difficulty overcoming the substantial technological edge the HAF will likely attain by 2030.

    Even if Turkey fields 120 Block 70/72 F-16s (40 brand new and 80 upgraded), they will be up against 84 HAF Block 72 Vipers (all in service no later than the second half of 2027), 20-40 F-35s, and, at the very least, 24 Rafales. In other words, no fewer than 128 HAF fighters with equal or superior capabilities to Turkey’s very best jets.

    And even if Turkey buys a squadron or two of advanced Eurofighters in addition to its modernized F-16s, the HAF will most likely retain this technological edge.

  • As NATO Capitulates Before Turkey, Western Hypocrisy on Human Rights Enters New Low – News18
    Seen as a rogue outlier in Nato, Turkey found and acted upon the opportunity to get the West to support its military operation in northern Syria. Turkish forces and alleged mercenaries occupy parts of this region. A vast array of human rights abuses was reported during the peak of its military intervention and Ankara faced condemnation from the Western world. All major NATO members including Germany, France, UK and Canada have refused arms sales to Erdogan’s Turkey. Tensions further escalated when Turkey stepped up its belligerence towards fellow Nato member Greece in the eastern Mediterranean and the West largely backed Athens through this tussle. The list of Turkey’s excesses can go on, but the West has decided to overlook all that now. US President Biden’s own stance on Turkey used to be one of admonishment. Today, that seems to change with Ankara’s new leverage in the game.
  • Two-faced Turkey demands a terrible price for NATO expansion – Haaretz.com

    Mr Erdogan will now expect Sweden and Finland to adhere to the spirit, and not just the (notably vague) letter, of the agreement. This means he will demand they back a future Turkish operation in Syria to combat the YPG, who happen to be the West’s main allies against Islamic State, support Ankara’s plans to expel and forcibly resettle over one million Syrian refugees in northern Syria, take concrete steps to extradite alleged members of the PKK and Gulen movement to face trial, unlikely to be fair, in Turkey, and keep schtum about Turkey’s poor human rights records and abuses of fundamental democratic freedoms.

    Turkey will seize on any hemming and hawing on these issues as evidence of bad faith, if not betrayal, and a just cause to reignite a crisis in Turkey’s relations with the West. Turkey under Erdogan is a fundamentally untrustworthy ally. The NATO deal has triggered a countdown to the next noisy but inevitable conflagration.

  • Turkey Is Now Suffering From Hyper-Inflation, According to Spanish Bank, BBVA | naked capitalism

    The accounting rules apply retroactively from Jan 1 of the year in question. The impact on BBVA’s first quarter results will be reflected in the bank’s second quarter income statement. The official inflation rate in Turkey is currently above 70% and BBVA’s base-case scenario is that it will not fall below 60% at any point this year.

    This is why BBVA has decided to apply hyperinflation accounting, which will wipe out €324 million from the bank’s P&L statement for the first quarter. Instead of providing €249 million in profits, BBVA Garanti will have generated €75 million in losses. Looking to the rest of the year, BBVA expects Garanti’s earnings in Turkey to be non-material to its overall performance, in light of the nation’s expected inflation. Despite taking a huge chunk out of BBVA’s profits, the adoption of IAS 29 does have a silver lining: it increases the bank’s Tier 1 capital ratio by 19bp to 12.89% in Q1 and raises its book value by €254 million.

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Featured Destination

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Porto Alegre, Brazil

Mysterious Chefchaouen: The Blue Pearl Of Morocco

Colonia del Sacramento, Uruguay

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Montevideo, Uruguay

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Punta del Este, Uruguay

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