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Thursday, May 04, 2006

Focus English News-Trade to Ensure Peace with Turkey?

"Trade to Ensure Peace with Turkey?

4 May 2006 | 17:55 | Kathimerini


Murat Yalcintas, head of the Istanbul Chamber of Commerce, says economic ties will certainly help both Greece and Turkey.

By C. Kallergis

The acquisition of 46 percent of Turkey's Finansbank by the National Bank of Greece (NBG), agreed to last month, is a springboard for the growth of trade and investment across the Aegean that will diminish the possibility of future crises between Greece and Turkey, President of the Istanbul Chamber of Commerce (ITO) Murat Yalcintas said yesterday.
«Greeks are very tough tradesmen,» he said, referring to the many Greek members of the ITO, the third largest trade chamber in the world, representing 30 percent of the Turkish economy. NBG will automatically become an ITO member, through the Finansbank deal, he explained."

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