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PM Erdoğan harshly criticizes interest rate lobby

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Jul 20, 2013 - 12:00 am GMT+3
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by Jul 20, 2013 12:00 am

Prime Minister Erdoğan lashed out at the interest rate lobby during an address in Kastamonu, by stating, “I mentioned the interest rate lobby and they began jumping. That’s because they are exploiting my public.”

Prime Minister Recep Tayyip Erdoğan officially inaugurated a new airport in Turkey's northern Kastamonu province on Friday. Referring to the airport as "Kastamonu's half-a-century-long dream", Erdoğan lashed out at the interest rate lobby.

"We have truly done great work in Turkey. We have made the country one that breaks records," stated Erdoğan, adding, "I mentioned the interest rate lobby and they began jumping. Why are they jumping? It is because they are exploiting my people with non-interest income."

Erdoğan went on to state, "During this timeframe, 642 billion remained in our citizens' pockets. Not everyone should accept every card offered to them. Everyone should live according to their means. If not, well then I'm sorry if a debt enforcement officer shows up at your door. Once we are one of the top ten economies, we will be in a much different position in the world. We will establish big objectives and we will succeed."

100 MILLION INVESTMENT

Prime Minister Erdoğan explained that the inauguration on Friday was for an airport in Kastamonu as well as a number of private and public sector investments totaling 261 million liras and stated, "We have built an elaborate airport with its terminal, apron and tower. We have also completed all access roads leading up to the airport. We completed this investment with a nearly 100 million lira investment," said Erdoğan.

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