Ali Babacan
Ali Babacan
Ali Babacanis a Turkish politician. He is member of the parliament and former Deputy Prime Minister of Turkey responsible for the Economy. He fırst served as the Minister of State in charge of economic affairs in the 58th cabinet from the Justice and Development Party. He retained this position throughout the 58th and 59th Governments of the Republic of Turkey. On August 29, 2007, he was appointed as the Minister of Foreign Affairs of the 60th Government of the Republic...
NationalityTurkish
ProfessionPolitician
Date of Birth4 April 1967
CountryTurkey
Turkey does not have an official exchange rate target.
Those looking from Europe see Turkey as an economic success, whereas others from the Middle East see Turkey as a democratic success.
Turkey has a young and growing population. Until recently, this was perceived as a problem, a burden that Turkey would bring to the E.U. But it is, in fact, an asset that can help the population deficit of the E.U. and the economic growth of Turkey.
It is unfair to ask Turkey to make a unilateral concession to take goods from Cyprus within the customs union when the E.U. is not open to northern Cyprus.
Turkey shares Europe's fundamental values of democracy and the rule of law.
Openly speaking, the only formula that will save Greece's future is more trade with Turkey and more investment with Turkey.
Turkey will not let Turkish territory or airspace be used in any activity that could harm the security or safety of Syria.
Northern Iraq has become, economically, a natural extension of Turkey.
A country which has a population 99% as their faith in Islam can also be a country which are subscribing to the universal values of the E.U.
We have been talking with leaders: Change is coming; you can no longer have a closed regime with an open society - satellites, social media, the Internet - you have this kind, this kind of society moving forward, and you are running this closed regime; this is not sustainable. This cannot continue.
Turkey's energy bill due to imports will fall with the increase in use of renewable energy sources. We have no control over the prices of petroleum and natural gas.
When Turkey buys Iranian oil, we pay for it in Turkish lira... However, it is not possible for Iran to take that money as dollars into its own country due to international restrictions, the U.S.A.s sanctions. Therefore, when Iran cannot take this money back as currency, they withdraw Turkish lira and buy gold from our market.
The fast fish, not the big fish, eats the small fish.
Whatever the scenario, the dynamism of developing nations, their demographics and competitive power are great sources for superiority.