Turkey is an opportunity to Europe not threat
Friday, July 17, 2009
Turkey will have the EU's second-highest economic growth and the country is not a threat to Europe, but an opportunity, according to British Foreign Secretary David Miliband.
in German daily Frankfurter Allgemeine Zeitung , British Foreign Secretary David Miliband wrote, "Turkey is not a threat to Europe, but an opportunity", arguing against European leaders those who oppose Turkey's European Union membership bid. He has stated that According to OECD projections, Turkey will have the EU's second-highest economic growth; it can be a key route for transporting oil and gas from the Middle East and Central Asia. This shows that Turkey is not a threat to Europe, but an opportunity.
In Brussels, Turkey’s Prime Minister Recep Tayyip Erdogan restated its determination to join the European Union, despite signs of growing opposition from some leading European countries, saying he hoped to sign a deal next month to bring Turkey into the planned Nabucco gas pipeline project, which will transfer Central Asian gas to Europe. "We cannot accept the positions France and Germany have taken. Our goal is full membership" said Erdogan.
According to Propertywire reports, foreign buyers have spent in excess of $10 billion (£5.4 billion) in the last five years. Orhun Ozdener Vahaboglu, a real estate agent in Istanbul, noted that the value of coastal property in Turkey was rising because of the increased interest from foreigner purchasers. He commented: "Turkey has become a popular choice for those looking for investment properties overseas, as the European membership is a pending issue. As soon as this is realised, we may expect that the prices will double."
Meanwhile, Nobel Prize winners, Chicago University Professor Robert Lucas and Arizona State Professor Edward Prescott, expressed their opinions on the recovery of the Turkish economy during the annual meeting of the Economic Dynamics Association. They are optimistic about the Turkish economy and expressed that, despite the recession seen in the first quarter of the year, rapid economic growth will be achieved depending on the recovery of markets that Turkey trades with.
Social Bookmarkingin German daily Frankfurter Allgemeine Zeitung , British Foreign Secretary David Miliband wrote, "Turkey is not a threat to Europe, but an opportunity", arguing against European leaders those who oppose Turkey's European Union membership bid. He has stated that According to OECD projections, Turkey will have the EU's second-highest economic growth; it can be a key route for transporting oil and gas from the Middle East and Central Asia. This shows that Turkey is not a threat to Europe, but an opportunity.
In Brussels, Turkey’s Prime Minister Recep Tayyip Erdogan restated its determination to join the European Union, despite signs of growing opposition from some leading European countries, saying he hoped to sign a deal next month to bring Turkey into the planned Nabucco gas pipeline project, which will transfer Central Asian gas to Europe. "We cannot accept the positions France and Germany have taken. Our goal is full membership" said Erdogan.
According to Propertywire reports, foreign buyers have spent in excess of $10 billion (£5.4 billion) in the last five years. Orhun Ozdener Vahaboglu, a real estate agent in Istanbul, noted that the value of coastal property in Turkey was rising because of the increased interest from foreigner purchasers. He commented: "Turkey has become a popular choice for those looking for investment properties overseas, as the European membership is a pending issue. As soon as this is realised, we may expect that the prices will double."
Meanwhile, Nobel Prize winners, Chicago University Professor Robert Lucas and Arizona State Professor Edward Prescott, expressed their opinions on the recovery of the Turkish economy during the annual meeting of the Economic Dynamics Association. They are optimistic about the Turkish economy and expressed that, despite the recession seen in the first quarter of the year, rapid economic growth will be achieved depending on the recovery of markets that Turkey trades with.
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