"FOCUS: Turkey To Take Slow Lane On Fiscal Consolidation
The Turkish government said Wednesday it plans to reduce its soaring budget deficit only gradually, with spending cuts not beginning until 2011.
Despite the slow pace of the adjustment, Economy Minister Ali Babacan emphasized that public debt - the key metric for ratings agencies and long-term investors - would be reined in after peaking next year. "
More:FOCUS: Turkey To Take Slow Lane On Fiscal Consolidation - WSJ.com
