Turkish President accusses Fitch of 'political' rating
Politics |
Erdogan attending a meeting of Turkey's leading business associations TUSIAD in Istanbul, where he critized Fitch credit rating agency saying the claims are political not economic.
Claims made by some credit rating agencies that Turkey's economy is slowing down are done for political reasons, not economic ones, Turkish President Recep Tayyip Erdogan said Thursday.
Erdogan was attending a meeting of Turkey's leading business association's, TUSIAD in Istanbul, where he called on all Turkish businessmen to act together against any attempts to harm Turkey's reputation.
Fitch Ratings said last week that economic rebalancing observed in Turkeys economy in the first half of the year might encounter difficulties in the forthcoming second half.
Turkish President criticized Fitch's report last week in which Turkey gets a lower rating.
He said Turkish businessmen should be hopeful about the future as Turkey will keep improving despite regional problems in Syria and Iraq.
Erdogan stressed that improvement in industry will be achieved when industrialists and businessmen invest sufficiently and called the businessmen to invest more across the country.
"Developing investment opportunities will speed up Turkey's 'solution process' with the Kurdish people, which is basically nourished from poverty," he said.
The Turkish President also touched on a New York Times story alleging militant recruitment in Turkey, and dismissed a 'few stories' as being unable to harm Turkey.
"An international newspaper used a photo of me and Mr. Prime Minister leaving the Haci Bayram Mosque and wrote that a terrorist group was recruiting militants from the neighborhood surrounding that mosque," he said and strongly rejected the allegations.
The story in American daily newspaper The New York Times titled 'ISIS Draws a Steady Stream of Recruits From Turkey' -- alleges that Turkey is one of the biggest sources of recruits for the terrorist group ISIL, showing a photograph of President Erdogan and Prime Minister Ahmet Davutoglu leaving the historic Haci Bayram Mosque in Ankara.
The daily, however, issued correction Wednesday regarding the photo, and said: "Neither that mosque nor the presidents visit were related to the recruiting of ISIS fighters described in the article."
Erdogan was attending a meeting of Turkey's leading business association's, TUSIAD in Istanbul, where he called on all Turkish businessmen to act together against any attempts to harm Turkey's reputation.
Fitch Ratings said last week that economic rebalancing observed in Turkeys economy in the first half of the year might encounter difficulties in the forthcoming second half.
Turkish President criticized Fitch's report last week in which Turkey gets a lower rating.
He said Turkish businessmen should be hopeful about the future as Turkey will keep improving despite regional problems in Syria and Iraq.
Erdogan stressed that improvement in industry will be achieved when industrialists and businessmen invest sufficiently and called the businessmen to invest more across the country.
"Developing investment opportunities will speed up Turkey's 'solution process' with the Kurdish people, which is basically nourished from poverty," he said.
The Turkish President also touched on a New York Times story alleging militant recruitment in Turkey, and dismissed a 'few stories' as being unable to harm Turkey.
"An international newspaper used a photo of me and Mr. Prime Minister leaving the Haci Bayram Mosque and wrote that a terrorist group was recruiting militants from the neighborhood surrounding that mosque," he said and strongly rejected the allegations.
The story in American daily newspaper The New York Times titled 'ISIS Draws a Steady Stream of Recruits From Turkey' -- alleges that Turkey is one of the biggest sources of recruits for the terrorist group ISIL, showing a photograph of President Erdogan and Prime Minister Ahmet Davutoglu leaving the historic Haci Bayram Mosque in Ankara.
The daily, however, issued correction Wednesday regarding the photo, and said: "Neither that mosque nor the presidents visit were related to the recruiting of ISIS fighters described in the article."
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