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    Turkish gov't discusses measures against crisis with business world

    HotNewsTurkey Staff
    19.10.2008 - 14:23 | Son Güncelleme:

    Turkey’s finance minister and leading business representatives came together late Saturday to discuss possible measures for Turkey to shield against the impact of the global financial crisis.

    "We need to strengthen our castle and make it more protected against the global financial crisis. We are taking steps for what is required for this aim," Kemal Unakitan said after the meeting, Anatolian Agency reported.


    Turkish business groups have long been urging the government to focus on economy and take measures to lessen the impact of the global financial crisis on Turkey.


    The Turkish Business Industrialists’ and Businessmen's Association (TUSIAD) this week warned the government, saying it was time for both the government and the real sector to act together and to heed advice. TUSIAD also urged the government to sign up to a new loan agreement with the International Monetary Fund, made more urgent by the global financial crisis.


    A $10 billion standby IMF deal with Ankara expired in May and no follow-up deal has yet been agreed.


    "These kinds of meetings should be held from time to time...As a matter of fact, this meeting will be held officially in Ankara on Monday. The Economic Committee Meeting," Unakitan said, adding that more ministers planned to attend this meeting to meet with sector representatives.


    The meeting was organized upon Unakitan's invitation.



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