Turkish minister says EU needs Turkey to retain importance

Simsek said Turkey's economy had shown a remarkable performance over the last couple of years as the country's GDP grew 9 percent in 2010 and 10.2 percent in the first half of this year.

Turkish minister says EU needs Turkey to retain importance

Turkish finance minister has said Turkey's accession to the European Union would give the 27-member-bloc means to preserve its importance at the international arena, adding Turkish membership would not come as an extra burden on the Union's shoulders.

"The EU needs Turkey if it wants to remain as an important actor. We won't become an extra burden for Europe but instead help it ease its existing problems. Turkey will help the Union become a global economic player," Mehmet Simsek told a panel discussion in Birmingham on Turkey's economy and its role in the EU as part of the British Liberal Democratic Party's annual congress.

Simsek said Turkey's economy had shown a remarkable performance over the last couple of years as the country's GDP grew 9 percent in 2010 and 10.2 percent in the first half of this year.

Simsek said Turkey had a strong banking sector and a solid public finance, however, he stressed that certain structural problems still persisted such as "a big current account deficit."

Asked to describe the ruling Justice and Development (AK) Party, Simsek said, "in issues such as family we are conservative. In economy and relations with the world we are liberal. And in social justice and poverty we are socialist."

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Last Mod: 19 Eylül 2011, 13:16
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