“Greece went bankrupt in the crisis of 2008-2009. Today its CDS is below 200 units and ours is at 836 units” says Ali Babacan – Confused about the economy, its president seemed to be at the same time Turkish Recep Tayyip Erdogan
Former Turkish Finance Minister, formerly close to Erdogan and chairman of the Development and Progress Party (DEVA), has sounded the alarm bell for the Turkish economy.Ali Babacan, warning with crash.
“The CDS that show the risk of bankruptcy have reached 836 points. It is like the radar of the aircraft that tells the pilot that there is a mountain opposite and if the aircraft does not change course it will fall on the mountain. “Turkey is going for a crash,” he said.
“Greece in the crisis of 2008-2009 had gone bankrupt. Today her CDS is below 200 units and ours are at 836 units. Bankruptcy means total collapse of the economy and the financial system… It means chaos “ Babacan stressed.
“Greece, which once went bankrupt, is now in a better position than Turkey,” he noted.
The president of Turkey seemed to be confused about the economy at the same time Recep Tayyip Erdogan. “The problem in our country is not unemployment, or the reduction of income, but the … reduction of the purchasing power with the existing income” the President of Turkey claimed!
