It is time for both the government and real sector to act together and listen to advice, Arzuhan Dogan Yalcindag, the chairperson of TUSIAD said, in
"It is not time to silence those who are speaking by saying 'we can do what is needed,’ and to blame the real sector, which invests, creates jobs, takes risks, and carries a basket full with eggs," Yalcindag also said.
Restoring confidence in society and the markets are the most difficult factors facing the authorities while taking measures against the global crisis, she also said, adding that confidence in society was the most important issue to overcome these kinds of difficult periods.
Yalcindag also warned of a crisis approaching for
Mustafa Koc, a member of TUSIAD and chairman of
"Since the (parliamentary) election (in 2007), the economy has not been the number one priority on the agenda. There has been no decision on the IMF and relations with the European Union have been off the agenda," Koc said.
IMF DEAL A PRIORITY
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
"We should sign a standby deal with the IMF," Yalcindag said.
"We are already unnecessarily late on this subject. Every passing day might make this deal with the IMF more difficult," she added.
A team from the IMF is currently in
The government is currently discussing a precautionary standby deal with the IMF, but a final agreement has not yet been reached. The government says