Sub Categories:/» Homepage/» ECONOMY/» ECONOMICS
Tuesday, September 13 2011 , Your time is 15:58:00
The unknowns about what comes next in Turkey and how it will look in a few months are generating uncertainty that is currently the most critical problem in the country’s deteriorating economic situation, economist Selva Demiralp tells Hürriyet Daily News
Turkey’s housing market has become a subject of debate among property market circles, with prices soaring dramatically in recent months.
BRUSSELS - Reuters
Eurozone leaders made Greece surrender much of its sovereignty to outside supervision on July 13 in return for agreeing to talks on an 86 billion euros bailout to keep the near-bankrupt country in the single currency.
ATHENS - Agence France-Presse
Greek lawmakers backed a deeply contentious bailout package on July 16, clearing the first hurdle towards securing a rescue hours before fresh talks between eurozone ministers but leaving the radical left government in Athens weakened.
LONDON - Reuters
Heathrow Airport cancelled some flights on July 13 after at least 12 activists cut through a perimeter fence and chained themselves together on a runway to protest against the possible expansion of Britain's biggest airport.
Greece on July 14 geared up for a parliamentary vote on tough reforms demanded by eurozone creditors in exchange for a huge new bailout, just hours after a bombshell IMF report criticized the deal.
BRUSSELS - Agence France-Presse
The leaders of Greece, Germany, France and the EU proposed a "compromise" on a bailout deal for Athens at late-night talks which will now be put to the rest of the eurozone, a European source told AFP early on July 13.
ANKARA - Reuters
Turkish economic growth would take a hit if talks to form a coalition government fail and a new election is called, Finance Minister Mehmet Şimşek said on July 15, warning that the uncertainty risked delaying private investment.
In the eyes of the foreign investor, Turkey and the other Mediterranean EU countries are categorized as 'vulnerable countries,' but their risks and the organs responsible are different. Unlike EU members, Turkey's fragility stems from the private sector
Greece on July 15 geared up for a parliamentary vote on draconian reforms demanded by eurozone creditors in exchange for a huge new bailout, in what could be Prime Minister Alexis Tsipras's toughest political test yet.
The EU cancelled a full 28-nation summit on July 12 to decide Greece's fate in the single European currency, although a meeting of leaders from the 19 countries in the eurozone will go ahead as planned.
ATHENS - Reuters
Greek Prime Minister Alexis Tsipras had less than 48 hours to pass a series of pro-market reforms in parliament and smother dissent from hardliners within his own ranks as he races to meet the terms of an unpopular bailout deal.
Greece on July 12 faced a final EU summit to clinch a deal that would stop Athens crashing out of the euro after divided eurozone ministers halted "very difficult" talks on a new bailout overnight.