Prime Minister Erdoğan Dismisses Fears of New Economic Crisis in Turkey

Prime Minister Recep Tayyip Erdogan yesterday dismissed fears of a new economic crisis, saying no one should be worried about the troubles shaking the European and US economies.

“This time the crisis in Europe won’t even deal us a glancing blow. We’re stronger this time around,” Erdogan told reporters before leaving for a visit to Azerbaijan.

“Our feet are planted firmly on the ground. There could be a crisis in Europe, but we’re prepared for everything. Turkey is better and stronger,” he added.

But he reiterated a warning against overspending, saying Turks must avoid “frittering away” their money.

“Will we defend an economy of efficiency, or one of extravagance?” he asked.

“If we don’t take the latter path, then there’s no reason for worry.” He added that people “can continue spending properly.

But extravagance threatens families, businesses, and even the government.”

28.07.2011
SOURCE: DUNYA.COM