Tuesday, October 04, 2005

BBC NEWS | Business | Turkey reforms spurred by EU dream

"Turkey reforms spurred by EU dream
By Robert Plummer
BBC News business reporter

In economics as in other areas of life, the carrot of EU entry talks has encouraged Turkey to embark on reforms that were arguably a good thing in their own right.

But whatever its motivation, the government in Ankara has worked to ensure that the country's decades of high inflation and economic instability are consigned firmly to the past.

Analysts say that since Turkey's last economic crisis in 2001, Prime Minister Recep Tayyip Erdogan's administration has carried out more reforms than in the previous 70 years. The central bank is now independent and runs a tight monetary policy."

More:BBC NEWS | Business | Turkey reforms spurred by EU dream