Turkish deputy PM: Govt ready against negative scenarios in Europe

Of course, what is happening in Europe will affect Turkey, because Turkey has close relations with Europe in the aspects of commerce and finance, said Babacan.

Turkish deputy PM: Govt ready against negative scenarios in Europe

Turkish Deputy Prime Minister Ali Babacan has said that the government was ready against all negative scenarios in economy which might come from Europe.

Speaking to reporters during G-20 Conference on Commodity Price Volatility in Istanbul on Tuesday, Babacan referred to the recent economic situation in the United States and Europe, and said that Turkey was ready against all possible scenarios.

We have already taken all the measures, he said.

Noting that Turkey did not have budget, debt and banking problems like Europe did, Babacan said that currently the picture of Turkey and Europe was as different as black and white.

Of course, what is happening in Europe will affect Turkey, because Turkey has close relations with Europe in the aspects of commerce and finance, said Babacan.

He added that Turkey, in the past, strengthened its economic and financial structure.

Babacan noted that Turkey had a sound public financing and banking sector.

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Last Mod: 13 Eylül 2011, 13:55
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