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May 28, 2012
 
 
 
 
 
 

‘Turkey seen as economically comfortable’

Economy Minister Ali Babacan
29 January 2011 / TODAY’S ZAMAN, İSTANBUL
Economy Minister Ali Babacan said on Thursday that smiles appear on people’s faces when they talk about Turkey.

Babacan spoke to the Anatolia news agency during the 2011 World Economic Forum (WEF) in the Swiss town of Davos. He noted that many people he talked to in Davos had positive thoughts about Turkey’s future.

The Turkish minister has had talks with ministers of several countries, executives of international companies and chairmen of various international institutions.

Organization for Economic Cooperation and Development (OECD) Secretary-General Angel Gurría touched upon the negative effects of rising debt stocks on OECD countries during a meeting in Davos on Thursday. When he noticed Babacan, the OECD secretary-general said Turkey’s economic situation is far better than that of other countries. “This is why Babacan is sitting comfortably,” Gurría added.

Babacan told Anatolia that he had received many invitations from different sessions in Davos but decided to attend only a few of them.

The WEF is an independent international organization that aims to improve the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas.

“Incorporated as a not-for-profit foundation in 1971, and headquartered in Geneva, Switzerland, the Forum is tied to no political, partisan or national interests,” the forum states.

Babacan’s presence at the meetings is politically important as well since Turkey was not represented at Davos at the government level in 2010 after Prime Minister Recep Tayyip Erdoğan walked out of a panel discussion in 2009 after lambasting Israeli President Shimon Peres for the Jewish state’s deadly Operation Cast Lead in Gaza. Erdoğan vowed not to attend the WEF again after that incident.

 
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