Extract
Banking On the Future
GLOBAL FINANCE: Does geopolitical shock potentially pose the greatest threat to Turkey's economy, particularly coming from neighboring Iraq? What are your views on what could happen in Iraq or elsewhere, and how would that affect Turkey?
DURMUS YILMAZ, governor, Central Bank of Turkey: The Turkish economy faces geopolitical risks, financial market risks, political risks, as well as market and interest rate risks. These risks will impact the economy in different ways. Of course, Turkey is in a geographical area where there have been ups and downs, and the economy is certainly affected by, say, the conflict in Iraq or the relationship between Iran and the United States. Whatever developments may occur, though, the basic fundamentals of the economy as compared to the pre-2001 period are stronger, and therefore, as central bank, we are confident we can ride through any adverse developments in the region.ASAF SAVAS AKAT, columnist and economist, Vatan newspaper: The risks can change. If you throw away a cigarette into a forest, it may cause a fire, but if you throw even a Moloto...See the full content of this document
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