Top US economic expert Ian Bremmer: "Turkey is not an emerging market, They've got a leader who needs to be out.”

Top US economic expert Ian Bremmer : "Turkey is not an emerging market, They've got a leader who needs to be out."(Almonitor).

I don’t think Turkish Prime Minister Recep Tayyip Erdogan knows Ian Bremmer. He may therefore not have heard the former US Treasury Secretary and Harvard University professor Lawrence Summers when he stated, "The global economy has no sharper or more prescient analyst than Ian Bremmer.’’

But Erdogan may have heard of Eurasia Group, which Bremmer founded and leads. On the other hand, Ali Babacan, who participated at the Davos meetings and who is best described as “if not Turkey’s economic czar, the deputy prime minister in charge of economic affairs,” knows both Bremmer and Eurasia Group.

The quickest way to define the Eurasia Group would be to note its reputation as the world’s largest and most prestigious political risk consultancy. Every January, Eurasia Group releases a list of the “Top 10 Risks” for the coming year. Bremmer, speaking on a Wall Street Journal video feed from Davos on Jan. 22, made assessments about Turkey even scarier than being on the “Top 10 Risks” list.

He agreed with the Wall Street Journal anchor's prediction that Turkey will be "a big story this year” as one of the “hot spots in the Middle East.” He added, "It wouldn't just be this year; it's probably next [year] as well."

What he said next should be considered drastic for Turkey:

“Turkey is not an emerging market right now, in the sense that it is not developing. They've had decades of actually putting their political institutions together, making them more consolidated. They're now stripping them apart. They're taking legitimacy out of the judiciary, out of the police forces, and it’s making it much more uncertain an environment for investors to want to be in.”

It should indeed be shocking for a country such as Turkey — which was being called one of “pivotal states” of the world and which, with the contribution of Richard Holbrooke, had assumed the mantle of an "emerging regional power" far beyond an "emerging market” — to be defined as “not an emerging market right now.”

The fact that this determination was made by the head of the world’s largest political risk consultancy, and that there are many in the international arena who would heed him, makes it particularly important.

Worse, Bremmer offers a treatment related to this diagnosis and says of Turkey: “They've got a leader who needs to be out.”

It is probable that Erdogan, the "leader who needs to be out," would pour out his entire venomous wrath onto Bremmer if he knew him.

Muharrem Yilmaz, president of TUSIAD, an association of industrialists and businessmen that serves as an effective lobbying group in Turkey, is not as lucky as Bremmer.  Hmmmm......More like a 'Turkish bazaar' listening to all the 'plots and treason' talk.Read the full story here.