The picture of the four parties that emerged as a result of the June 7 election indicates a coalition government which we haven't been used to for years in Turkey.
The coalition means more than one party's developing and implementing a common policy. In order to arrive at a common decision, each political party should make a sacrifice of its own policy; meaning it should quit or postpone a policy it has to initiate.
Namely, it means shaping the policies not according to the needs of the country, but the viewpoint of the rulership partners .
Especially in the developing countries like ours where the politics are shaping the economy , unfortunately with the coalition governments it seems difficult to solve the problems, begin major investments, make a positive perception of the country and attract foreign investors into the country.
This means all the variables in the economy are dislodged, namely economic instability .
THE COST OF THE COALITIONS
Turkey's past experiences do not say good things at all about the coalition which is praised today. Actually, when we look at the political past of Turkey, the country is just a coalition cemetery.
Till today, 20 coalition governments have been formed in Turkey. If we ask how the coalitions affected the economy of the country, it will be enough to look at the recent past, not the distant past. The heavy cost the coalition governments during the 1991-2002 period burdened upon the economy of the country is still ingrained in memories..
In 1991, the DYP-SHP coalition was formed against ANAP. Moreover, even today, by being nonsensically voiced with the “restoration” rhetoric, this alliance was formed.
But the country, because of this restoration, experienced the 1994 and 2001 crises which had heavy costs. The debts of the country, which were surrendered to the IMF as a result of the crises emerged because of this restoration, were completely paid by the AK Party government by 2013 .
What is interesting is that as the one-party rulership was suffering from the coalition, the parties which want to be in the coalition government want to enjoy the continued success of a one-party government, which AK Party had in public finance, namely the public resources.
On the other hand, there is already a different period that started in the economy with the AK Party's one-party rulership between the years 2002-2015.
Already the anxiety experienced in Turkey is originating from this success. The new government, which will come after AK Party elevated the Turkish economy from the bottom level to the high mean income level for 13 years, is aware of the difficult test it has to pass.
Let's say a coalition is formed either with AK Party or not. What will be the future of such projects like TANAP, the Turkish Stream, which provided Turkey with a right to have its say on the global economy and politics?
What will the new government do about the nuclear plants which are essential and a must for the growth of the Turkish economy?
For the planned and ongoing projects like the 3rd Bridge, the 3rd Airport, the Energy Market, the Istanbul Financial Center for supporting İstanbul's as a center for business, tourism and a finance marketplace, what kind of route will the coalition government follow?
While they were in the opposition, will the parties knocking at the door of the Constitutional Court for any administration, give up this behavior when they come to power or act against their statements? Also they have to keep the promises they had given to the voters before the election when they come to power.
We know what their promises are, but we don't know how they are going to keep them.
Will the budget that is taken above the European criteria in 13 years be again the weak spot of Turkey's economy after the coalition is formed?
Will the strong and enduring economy that is formed, be again dragged into a crisis with the passion of coming to power only?
The answer to all these questions is of a vital importance for the possible coalition government that will be formed and so for Turkey's economic and political vision .
THE COALITION WILL MAKE TURKEY LOSE TIME
But this is a truth that, a break has been given on the way to the structural transformation reforms, which started in 2002 and in the period called the New Economy .
The interruption of the structural reforms is especially a big loss of time for Turkey.
Now Turkey will spend its energy to resolve the uncertainty, and meanwhile pressing items on the agenda which need to done will be postponed.
The Turkish economy that has to be in a much better place today, in case of a coalition, just as it had happened during the coalition periods in the 1990s, will unfortunately lose a lot of time.
Because, we know very well that the coalition will not only cause an uncertainty in the politics, but also in the economy of Turkey.