(ECO) TURKEY STANDS FIRM AGAINST GLOBAL ECONOMIC CRISIS, SAYS BABACAN.PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. , Jun 25, 2009 (TUR) -- Turkey's economy minister said Thursday that Turkey stood firm against the global economic crisis and was one of the leading countries in OECD OECD: see Organization for Economic Cooperation and Development. to see fastest recovery. "Turkey is also at the bottom of the list of OECD countries that intervened in their banks," State Minister & Deputy Prime Minister A Deputy Prime Minister or Vice Prime Minister is, in some countries, a government minister who can take the position of acting Prime Minister when the real Prime Minister is temporarily absent. Ali Babacan told reporters in Paris where he participated in a meeting of Organization for Economic Cooperation and Development Organization for Economic Cooperation and Development (OECD), international organization that came into being in 1961. It superseded the Organization for European Economic Cooperation, which had been founded in 1948 to coordinate the Marshall Plan for European (OECD) Council at Ministerial Level. Babacan said Turkey made structural reforms --especially in banking and finance industry-- in recent years that helped the government face the economic crisis stronger than many countries. He said measures taken by the government, supportive monetary policies and credit channels were working well in Turkey. "All these will help Turkey weather the crisis stronger," he said. Babacan also pointed out the importance of tackling unemployment problem and said he mentioned the matter at his speech delivered at OECD meeting. Babacan said governments should take measures to lighten the burden on employment in the short term. Babacan added that he had talks with economy ministers of several countries including Switzerland, Belgium, the Netherlands, Chile and Russia, as well as EU officials and IMF IMF See: International Monetary Fund IMF See International Monetary Fund (IMF). Deputy Managing Director John Lipsky. Following his meeting with Turkish reporters in Paris, Babacan departed for Turkey. (THROUGH ASIA Asia (ā`zhə), the world's largest continent, 17,139,000 sq mi (44,390,000 sq km), with about 3.3 billion people, nearly three fifths of the world's total population. PULSE) |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion