Turkish treasury minister rejects criticisms over crisis measures

Turkish state minister for the treasury rejected criticisms on Thursday that the government failed to take necessary measures against fallout from a global financial malady.

Turkish treasury minister rejects criticisms over crisis measures
"Turkey has been taking various measures against the crisis since the second quarter of 2008, and there were no delays," Mehmet Simsek told reporters at a conference in capital Ankara.

Simsek said the government re-paid a total of 17 billion TL (10.1 billion USD) in compulsory housing and savings funds to encourage large masses of the society for consumption, releasing additional funds for regional development programs, and for small and medium scale enterprises.

"Turkey will be much more prepared for what is ahead to come," Simsek said.


AA
Last Mod: 20 Şubat 2009, 11:38
Add Comment