ID :
158332
Fri, 01/28/2011 - 16:37
Auther :
Shortlink :
http://m.oananews.org//node/158332
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Turkey's State Minister & Deputy Prime Minister Ali Babacan said Turkey would make steps to achieve its targets
ANKARA (A.A) - Turkey's State Minister & Deputy Prime Minister Ali Babacan said on Friday that Turkey would make steps to achieve its targets.
Babacan responded to questions on Bloomberg HT tv channel in Davos where he came to attend annual meetings of the World Economic Forum.
Babacan said Turkey's debt stock was much below than Maastricht criteria, which was positive for entrepreneurs and business world.
Minister Babacan said confidence in judicial system should be solidified for Turkey to attract direct investments, adding that Turkey should definitely make important reforms on jurisdiction. He said it was very important for serious and major investors.
"Turkey fulfilled reforms in many areas but unfortunately we could not do much on jurisdiction. Judicial reform should be fulfilled in Turkey soon," he added.
Babacan said there was interest in every sector in Turkey as there is a growing economy in the country. "When you consider the year 2050, there will be two big economies in Europe. One of them will be Turkey and the other is Germany. They see this," he noted.
When recalled of the statement of John Lipsky, the First Deputy Managing Director of the IMF, that escalation of the crisis in the EU was the biggest risk in front of Turkey and asked whether Turkey was ready for such a bad scenario, Babacan said, "I earlier said the biggest risk for Turkey was a new wave that would come from the EU or the USA. Assessments of Lipsky overlap Turkey's assessments in that respect. Turkey carries out cautious policies within itself. Any possible difficulty that may erupt in the EU would have a more or less impact on Turkey. Turkey takes measures already now to alleviate the probable effects."
Babacan said there was no election economy in Turkey.
Babacan responded to questions on Bloomberg HT tv channel in Davos where he came to attend annual meetings of the World Economic Forum.
Babacan said Turkey's debt stock was much below than Maastricht criteria, which was positive for entrepreneurs and business world.
Minister Babacan said confidence in judicial system should be solidified for Turkey to attract direct investments, adding that Turkey should definitely make important reforms on jurisdiction. He said it was very important for serious and major investors.
"Turkey fulfilled reforms in many areas but unfortunately we could not do much on jurisdiction. Judicial reform should be fulfilled in Turkey soon," he added.
Babacan said there was interest in every sector in Turkey as there is a growing economy in the country. "When you consider the year 2050, there will be two big economies in Europe. One of them will be Turkey and the other is Germany. They see this," he noted.
When recalled of the statement of John Lipsky, the First Deputy Managing Director of the IMF, that escalation of the crisis in the EU was the biggest risk in front of Turkey and asked whether Turkey was ready for such a bad scenario, Babacan said, "I earlier said the biggest risk for Turkey was a new wave that would come from the EU or the USA. Assessments of Lipsky overlap Turkey's assessments in that respect. Turkey carries out cautious policies within itself. Any possible difficulty that may erupt in the EU would have a more or less impact on Turkey. Turkey takes measures already now to alleviate the probable effects."
Babacan said there was no election economy in Turkey.
