"....Lessons from the Turks
More than offensive to me, his burst of uncivilized anger was an insult to the decent Turks who are currently trying to negotiate an agreement to enter into the EU.
In terms of macroeconomic and structural fundamentals, Turkey looks today like a better and more fitting candidate for EMU than Italy.
Also, while both Argentina and Turkey had a severe financial crisis in 2001, the former went into a severe currency, banking, corporate and sovereign debt crisis that was associated with the largest sovereign debt default in history. Turkey, instead, pursued a policy of fiscal adjustment, macroeconomic and structural reforms that avoided a sovereign default."
More:Macroeconomics and the Clash of Civilizations by Nouriel Roubini - The Globalist > > Global Economy