Crisis may go worse

       Political and economic effects of the uncertainty caused by the chilling confessions of Korkmaz Yigit and talks ahead of the Turkbank tender, are mounting day by day. Korkmaz Yigit, who released a tape record concerning his conversations with Prime Minister Mesut Yilmaz and State Minister Isin Celebi over the Turkbank tender and stepping into the media world, toppled the government. In the meanwhile economic and political instability is causing more losses everyday as businesses are closed and unemployment goes rampant.
       The November 10 confession tapes of the businessman parallyzed the stock market with a $5.5 billion in a couple of days. The central bank reserves melted away by $1.2 billion. With interest rates rising from 132% as much as to 150% , loaded a $966 million burden in extra on the foreign debts of the Treasury.
       Some groups profitted at once by $1 billion through the rate boost. On the other hand, the Democratic Left Party leader Bulent Ecevit is trying to form a coalition government with the Motherland and the True Path parties, to solve the problems of Turkey.