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Tuesday, January 30, 2007

Interest paid in five years could revive the whole country

"Interest paid in five years could revive the whole country

Turkey paid $184.3 billion in interest over the last five years despite the decline of inflation and structural reforms.

According to the calculations of an Anatolian Agency reporter, for this figure, the poorest 2.5 million people of Turkey could be paid YTL 405 per month for 15 years; the South-east Anatolian Project (GAP), the biggest agricultural Project of Turkey for more than 20 years, could be completed; a 10,000 kilometer-long railway and 3,000 kilometer-long motorway could be built; five dams equal to Atatürk Dam, Turkey’s biggest hydroelectric dam, could be established; a 400 kilometer-long metro system to major cities could be installed; a third bridge across Bosphorus built and 2 million homes could be built. After which $4.7 million would remain, enabling thousands of sports facilities to be established throughout the country."

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