Tuesday, March 23, 2010

Turkey's show of fiscal discipline as showdown election approaches - BUSINESS NEW EUROPE

"Turkey's show of fiscal discipline as showdown election approaches

Bernard Kennedy in Ankara
March 23, 2010

Turkey is preparing to reinforce its relatively comfy fiscal position by adopting legislation that promises to elevate fiscal discipline from a mere policy choice to a legal obligation. But have old habits of politically-driven public spending truly been abandoned? The run-in to next year's election will provide a stern test."

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