Finance minister Simsek: Europes debt crisis may hit Turkey hard next year.

By bne IntelliNews November 22, 2011
Finance minister Mehmet Simsek told the Wall Street Journal that the Euro zones sovereign debt crisis may hit Turkey hard next year but thanks to its strong fundamentals the Turkish economy would be able to bounce back strongly. Turkeys macroeconomic performance may come under pressure through trade and other channels but the damage will not be permanent even though the impact of Euro zones debt crisis on the world and Turkish economy can be significant, according to Simsek.

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