Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

France says structural reforms a must for Turkish economy

Published 27/08/2018, 15:08
Updated 27/08/2018, 15:10
© Reuters. French Finance Minister Bruno Le Maire waits for the arrival of Turkish Finance Minister Berat Albayrak at the Bercy Finance Ministry in Paris

PARIS (Reuters) - France on Monday encouraged Turkey to use all available economic policy tools to ensure sustainable growth, Finance Minister Bruno Le Maire said after meeting with his Turkish counterpart Berat Albayrak.

Turkey's lira has tumbled about 40 percent this year, driven by worries over President Tayyip Erdogan's grip on monetary policy and the stand-off with the United States over the fate of evangelical Christian Andrew Brunson.

"It is in everyone's interest, in France, in Turkey, in Europe, that the situation stabilises in Turkey," Le Maire told reporters.

Le Maire said Albayrak had stressed his country's commitment to structural reforms.

"France encourages Turkish authorities to give this absolute priority ... by using all the leverage available through economic policy."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.