World Bulletin / News Desk
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Thursday's papers focused on a high-level meeting between Turkish President Recep Tayyip Erdogan, Deputy Prime Minister Ali Babacan, who is responsible for economy, and Central Bank Governor Erdem Basci on restoring confidence in the economy and limiting public debt.
"130-page presentation to President Erdogan" was economic newspaper DUNYA’s headline, reporting that the meeting, which lasted nearly two-and-a-half hours, had detailed graphics about the determining factors affecting interest rates.
The presentation came after Prime Minister Ahmet Davutoglu met Cabinet ministers, banking regulators, and Governor Basci on Tuesday to discuss the state of the economy.
After Tuesday’s eight-hour meeting, the prime minister’s office said the government would maintain strict fiscal discipline as foreseen in its Medium-Term Economic Program and that the central bank was taking necessary measures to control inflation.
Daily MILLIYET quoted Basci as saying: "Fiscal discipline is essential for appreciation of the Turkish lira."
The Turkish lira hit record lows on Friday when the currency was buying $0.37. The lira has lost more than 11 percent of its value against the dollar since January 2015.
HABERTURK ran with the headline "Message: Stability and Faith" referring to the meeting in Ankara.
According to the paper, both Basci and Erdogan emphasized the importance of "stability" and "faith."
Erdogan has repeatedly criticized the central bank for its tight money policy. However, the meeting has been interpreted that the president is prepared to form a partnership with Basci in the future.
Ahead of the meeting, the Turkish lira gained against the dollar, rising to about 2.610 to 2.640 on Wednesday night, as international investors regained confidence that the central bank and the president had come to an agreement.
In other news, Turkish newspapers also covered Wednesday's protests over the first anniversary of the death of Berkin Elvan, who died in March 11, 2014, 269 days after receiving a head injury in Istanbul's Okmeydani district in June 2013.
Elvan was allegedly struck by a gas canister fired by police. His family claimed he was out in the street to buy bread.
"Berkin intervention," headlined HURRIYET, saying that nearly 68 people were detained during the demonstrations in Istanbul and Ankara.
VATAN and CUMHURIYET also gave wide coverage to the protests.Güncelleme Tarihi: 12 Mart 2015, 11:16