Recep Tayyip Erdogan
(Recep Tayyip Erdogan is the prime minister of
Our ability to do this is a result of policies of fiscal discipline we have implemented since our own crisis in 2001. In the past, we had debts to the IMF of
The crisis we have gone through was similar to what the EU is experiencing now. Many banks went bankrupt. People's savings disappeared. Companies closed down. The Turkish economy shrank drastically.
That crisis was a very important lesson for us. Since 2002 our government has pursued a strategy of growth along with fiscal discipline -- which is why we've reach the level we are at today.
In order not to go through a crisis like 2001 once again, we have also carried out structural reforms -- ranging from timely and decisive banking reform to changes in health care and social services -- that not only strengthened the Turkish economy but also increased the confidence of the Turkish people in their government.
As a result,
Overall, long-term debt in
All of these indicators point to the fact that
The success and resilience of
Of course, none of this was easy. The austerity policies were very hard to implement.
In light of the current troubles in
For all these reasons,
We have just finalized our planning for the future and are taking the next steps. By 2023, we want
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