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The chairman of the Democracy and Justice party (DEVA), Ali Babacan, answered questions from journalists Yavuz Oğhan and Akif Beki on his Bidebunuizle program.
Babacan undergo a difficult period of economic crisis, even before Turkey’s financial structure caught the attention of the poor.
“THE CENTRAL BANK RESERVED THE RESERVES”
Saying that the Central Bank’s reserves have melted significantly, Babacan said:
* Turkey and the financial structure, the financial structure has weakened long before the outbreak of the crisis. The Central Bank’s reserves had melted significantly.
* Reserves, which saw 136 billion, have been reduced to 85 million gross, 25 net, or even if you consider the deposits held by the Central Treasury Bank and the Treasury, less reserves.
* The Central Bank not only melted the reserves, but was also a Central Bank that lost its credibility.
“The turkey is having a period of bass response”
* excessive government interference and almost central bank completely eliminates independence from the erosion of Turkey’s institutional structure, other independent institutions are no longer our biggest problem which have lost their credibility as an institution and reputation already.
* It was like that before the crisis. In addition, the budget deficit increased, the financial area contracted. Even the reserve funds in the Central Bank were transferred to the Treasury and spent. Profits and reserves for 2019 were received and spent in January.
* Other free market mechanisms important issue in Turkey, the currency regime, also lived within the period corresponding to the movement of capital is serious intervention Turkey.
* It is already too much government intervention, therefore, due to excessive intervention, Turkey was experiencing a period in which unpredictability increased.
* At a time when we were in so much financial trouble, unemployment rose and youth unemployment was 27% before this crisis. So it’s a record. Turkey, unfortunately, was captured in a weak period.
* And what happens after the crisis has started is crisis management. I am telling you especially in terms of economy. Extremely big mistakes have been made and continue to be made.
“ARE YOU A MEMBER OF ANY TARICH?” ANSWER TO YOUR QUESTION
babacan “Are you a member of any cult?” answered the question as follows:
* I have never been. My mother and father never happened. There was no one in my family, I tell my close circle.
* Because frankly, as a family, we place great importance on the mind. I have never given my mind to anyone until today. I always acted with my own free will. There is only one will that is greater than me, and it is the divine will. Other than that, I acted with my own willpower.
* Even at the AK Party at every stage of my life. From what you can understand. I have a past 17-18 years of AK Party. And during that time, I have statements. Scan all images, scan everything that comes out of my mouth. I put my signature under all of them.
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