The palace’s narrative is not convincing

The palace’s narrative is not convincing

DEBT HAS BECOME A KNOT

The crisis created by the government is forcing more and more people every day to use debt as a means of subsistence. Yesterday’s statistics also showed this knot.

According to the weekly bulletin of the Banking Regulation and Supervision Agency (BDDK), the total credit volume of the banking sector increased by approximately 36 billion 778 million lira in the week of February 20, rising to 23 trillion 952 billion 804 million lira.

The amount of consumer loans continued to be high this week, despite a slight decrease. The amount of consumer credit was calculated as 3 trillion 6 billion 999 million lira in the same week. The largest part of this was made up of consumer loans, with 2 trillion 252 billion 215 million lira. This was followed by housing loans with 707 billion 546 million lira and vehicle loans with 47 billion 238 million lira.

Debts on individual credit cards also reached 2 trillion 881 billion 381 million lira this week. Installment debts accounted for 1 trillion 112 billion 427 million lira of credit card debts, while non-installment debts accounted for 1 trillion 768 billion 954 million lira. The amount of debt collected by banks due to non-payment increased by 6 billion 331 million lira in one week to 646 billion 154 million lira. Installment commercial loans also reached 3 trillion 651 billion 860 million lira during this period.

NO CONFIDENCE IN THIS GOVERNMENT

The public’s discontent, which has not reached the Minister or the Palace regime, continued to be reflected in polls. The results of the latest survey conducted by ASAL Research with 2,000 citizens from 26 provinces revealed the burning effects of the economic situation, which is insufficient to meet even basic needs, on the public. ASAL Research asked the survey participants, “What do you think is the most important problem in the economy?” “The increase in rent and housing prices,” given by 21.5% of the participants, came first. The increase in food prices followed with 18%, high inflation with 12.2%, and bills with 5.4%. The public’s biggest problems were identified as the high cost of basic needs such as housing and food, and inflation. Responses related to economic management and high interest rates followed.

The picture painted by the economic management, which is responsible for and created this situation, reveals that the Palace regime, with its calls for early elections, is far from solving the problems and is now unable to generate consent. The same research company asked the question “Should early general elections be held?” and received 54.4% ‘yes’ and 38% “no” responses. Minister Şimşek’s IMF-less IMF program has suppressed incomes, forcing people to use their wages to meet their basic housing needs while cutting back on food expenses, leaving them hungry for most of the month. The people are rejecting the bill for the crisis that has been passed on to them and pointing the finger at those responsible.

Note: This article is translated from the original article titled Saray’ın anlatısı ikna edemiyor, published in BirGün newspaper on February 27, 2026.