Turkish credit card debt jumps 119% to 1 trillion lira

Turkish credit card debt jumps 119% to 1 trillion lira
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Turkey faces economic unease as credit card debt skyrockets by 119%, nearing 1 trillion lira in the first ten months of the year, triggering legal actions against 12% unable to meet obligations despite a shift in economic policies

The Union of Turkish Bar Associations (TBB) is set to march in capital Ankara on Friday to protest the refusal of the Court of Cassation (Yargıtay) to acknowledge the decision of the Constitutional Court (AYM) regarding the release of imprisoned deputy Can Atalay, who was jailed in connection with the Gezi protests.

The protest, titled 'Rule of Law,' is expected to be attended not only by bar association presidents from all Turkish provinces but also by opposition political parties.

The Constitutional Court's declaration of 'rights violation' for Atalay has triggered a series of events, including the Court of Cassation filing a criminal complaint against AYM members and notifying the Grand National Assembly of Turkey (TBMM) to drop Atalay's parliamentary membership, sparking debates on a potential "coup." The Turkey Bar Association (TBB) and various regional bar associations have filed criminal complaints related to the issue.

Sırrı Süreyya Önder, the target of the Grand National Assembly of Turkey (TBMM), argued that the Court of Cassation's decision should not be read in the General Assembly but should be returned without implementation. In a written statement to the TBMM Presidency, Önder characterized the Court of Cassation's non-compliance with the AYM decision and the attempt to read the judgment in the TBMM as an unconstitutional attempt at a coup against the constitutional order.

Meanwhile, the Republican People's Party (CHP) Members of Parliament continue their sit-in at the parliament, with MPs deciding not to leave the General Assembly. CHP MPs plan to maintain a constant presence in the General Assembly in groups of 20, aiming to keep the session open until a resolution is reached.