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brother Warnings : 3 Site Admin

Joined: 15 Aug 2005 Posts: 8920 Location: London/Cyprus
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cannedmoose Warnings : 4 Moderator

Joined: 12 Aug 2005 Posts: 5357 Location: National Forest, England
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| I'm not convinced that the EU needs Turkey economically, as the Turkey-EU customs union already provides for intimate economic ties between the two. Nonetheless, if talks fail and Turkey pulls away from the EU, I think it will be a massive shock to the Turkish economy and despite all the changes, I'm not sure it would be one it could shrug off without some damage occurring. Let's hope for an opposite outcome anyway. |
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brother Warnings : 3 Site Admin

Joined: 15 Aug 2005 Posts: 8920 Location: London/Cyprus
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| cannedmoose wrote: |
| I'm not convinced that the EU needs Turkey economically, as the Turkey-EU customs union already provides for intimate economic ties between the two. Nonetheless, if talks fail and Turkey pulls away from the EU, I think it will be a massive shock to the Turkish economy and despite all the changes, I'm not sure it would be one it could shrug off without some damage occurring. Let's hope for an opposite outcome anyway. |
If turkey walks away that does not mean that the ankara agreement will cease to exist, to some extent it will be business as usual but with no doubts about will we or won't we become an EU member but accept that they are an EU -Turkey economic partnership imo. |
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cannedmoose Warnings : 4 Moderator

Joined: 12 Aug 2005 Posts: 5357 Location: National Forest, England
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| True, the AA will remain, but a lot of the recent confidence in the Turkish economy has come from people who envisaged that the country's increasingly close relationship with the EU would generate even greater stability. Whenever a country's relationship with its neighbours is in any doubt whatsoever, it usually results in some lost confidence. I'm sure this would be the case for Turkey also in the short term at least. 1.5 hours to go until Turkey-EU talks were scheduled to start, let's see if they do start on time. |
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brother Warnings : 3 Site Admin

Joined: 15 Aug 2005 Posts: 8920 Location: London/Cyprus
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| cannedmoose wrote: |
| True, the AA will remain, but a lot of the recent confidence in the Turkish economy has come from people who envisaged that the country's increasingly close relationship with the EU would generate even greater stability. Whenever a country's relationship with its neighbours is in any doubt whatsoever, it usually results in some lost confidence. I'm sure this would be the case for Turkey also in the short term at least. 1.5 hours to go until Turkey-EU talks were scheduled to start, let's see if they do start on time. |
Well we know that the talks are not starting on time and in the short term some confidense loss will result but i believe the turkish economy will survive and still prosper but thats just my humble opinion. |
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cannedmoose Warnings : 4 Moderator

Joined: 12 Aug 2005 Posts: 5357 Location: National Forest, England
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| brother wrote: |
| Well we know that the talks are not starting on time and in the short term some confidense loss will result but i believe the turkish economy will survive and still prosper but thats just my humble opinion. |
An opinion that I agree with... Turkey's economy has a long way to catch up... and finally has measures in place to prevent the crippling inflation that dogged the economy for so long. If these measures are retained and further strengthened, there's no reason why Turkey's economy shouldn't develop rapidly in the coming years. |
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