THE REASON OF THE CRISIS IS VIRTUAL MONEY
Sezai Kaya stated that the crisis in finance sector affected all other sectors, so the real sector, which was the main impetus, was badly injured too. He said “Turkey was growing with the money coming from outside until 2007. It was obvious in Turkey that crisis was coming; when global crisis came, everything is connected to it. But, even if everything would go well in the world, crisis was about to start here. Now, unemployment rate is 18%, with unrecorded ones, it is 25 %. If it continues like this, the crime rates may increase and we may experience social explosions. It is our patriarchal structure that prevents it.”
Sezai Kaya stated that the crisis was felt more in textile and fashion sector and said “Textile and fashion sector, which survive with export are having hard times because the countries that are affected by the crisis diminished their demands. The crisis did not end because it did not see the bottom. The ones who have equity capital, who manage their cash and assets well will survive. We must not give credit to the words like “turn the crisis into an opportunity”. The only opportunity is the companies that have managed the things I mentioned above. They will replace the companies that go bankrupt in crisis and grow through the end of the crisis. Apart from it, this crisis hurt many people, and it will continue to do so.”