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Thursday, December 07, 2006

The New Anatolian - German loans pour into Turkey as Merkel calls for a break

"German loans pour into Turkey as Merkel calls for a break

ANKA News Agency / Ankara
07 December 2006

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Despite the proposals by German Chancellor Angela Merkel to suspend the negotiation process for Turkey's EU accession, Germany continues to extend credits to Turkey partially intended for usage during EU preparation efforts. A credit facility of more than 50 million Euros will be provided for municipal infrastructure projects by the European Investment Bank in Turkey and the individual resources of the German Development Bank ( KfW). "

More:The New Anatolian - German loans pour into Turkey as Merkel calls for a break