WSJ article suggests Turkey replace Greece in EU
‘”MarketWatch”, a blog produced by the United States’ Wall Street Journal, recently published an interesting article regarding Turkey joining the euro zone. The article openly suggests that if Greece should depart the Euro zone then it would be wise to add Turkey in its place. “If Greece ends up leaving the euro zone, as the nonstop flow of “Grexit” rumors suggest might just happen Turkey should take its place.
The article goes on to draw attention to Turkey’s current rate of growth, pointing out that in 2011, Turkey grew by 8.5%, a figure which the article states “most of Europe would rub its collective hands in glee over.
In the article Kim Hjelmgaard says that Turkey should take the place of Greece, if the latter leaves the euro zone.
“Now, there are all sorts of historical reasons—wars and outright hatred and whatnot—for why the Aegean neighborhood would not take kindly to such musical chairs. But on paper, at least, it’s an attractive idea,” the article said, adding that Europe needs more economic growth, whereas Turkey has quite a lot of growth with a rate of 8.5% in 2011.
“Turkey’s status as a Muslim-world power throws up some hurdles for the xenophobes in Berlin and Paris, admittedly, but they might be willing to overlook that once they realized that the average age in Turkey is hovering around the 28-and-change level, far below the European average,” the article added.
25.05.2012
SOURCE: DUNYA.COM + WEB
