He made the corresponding statement after returning from Qatar.
"Israeli Prime Minister Netanyahu is now in a situation of collapse, bankruptcy. He can announce it at any time," Anadolu Agency quoted him as saying.
Erdogan also added that the West condones the atrocities not only of Netanyahu but also of his administration.
"Fortunately, since October 7, the West's opinion of Israel has changed significantly," the Turkish president said.
Erdogan has previously said that Netanyahu should be tried by the ICC for the IDF's actions in the Gaza Strip.