Renowned economist Prof. Dr. Nouriel Roubini said that the Turkish Central Bank should be supported by economic policies. Roubini said that the current account deficit and high domestic demand posed a risk to the Turkish economy. via hudson-ny.org
Turkey will be on it's hands and knees begging for stimulus money when their economy collapses. The unemployment is high and the loans can not be paid. The alarm bells are ringing now. Our terrorist enabling business men in the West are about to get a wake up call.
"The most significant existing relationship between Iran and the Turkish financial system is through the Bank Mellat branches in Turkey," David Cohen, acting undersecretary for Terrorism and Financial Intelligence, told the Hürriyet Daily News & Economic Review on Tuesday. via hudson-ny.org
Turkish Foreign Minister Ahmet Davutoğlu (L)
meets with his Iranian counterpart, Ali Akbar Salehi,
in Urmia. AA photo.
“Our prime minister has set a target of $30 billion in annual trade with Iran. That is why we are opening this border crossing,” Turkish Foreign Minister Ahmet Davutoğlu said Saturday. “We are announcing to the world that Turkey and Iran will be friends for eternity.” via hurriyetdailynews.com
Me wonders how much those biz contacts with Iran are worth when Turkey needs a loan.Hardly a model of Democracy for the region to follow. If you want Democracy the world needs to learn from the good business people who have a healthy economy in Israel