Turkey ‘ready to help' Greece

Published 30.06.2015 20:07
Updated 30.06.2015 20:08
Turkey ‘ready to help' Greece

Economy Minister Nihat Zeybekçi commented on financial aid proposals put forward in the last couple of days prior to the ruling Justice and Development Party (AK Party) parliamentary group meeting held in Ankara on Tuesday.

"If such an official proposal comes to us, we will evaluate it," Zeybekçi said.

Following Zeybekçi's remarks, Prime Minister Ahmet Davutoğlu also expressed Turkey's readiness to discuss joint steps to help Greece survive its financial crisis. "We are ready to do the necessary as best as we can in cooperation in areas including tourism, energy and trade," he told the press in Ankara on Tuesday. Davutoğlu added that Turkey will contact the Greek government to hold a high-level cooperation council meeting at the earliest to consider joint steps on the financial crisis after the new government is formed this summer. Presidential spokesman İbrahim Kalın also said that Turkey is ready to provide any type of assistance to Greece in this difficult period. In the last couple of days, proposals regarding financial aid to Greece have been advanced in Turkish political and media circles. Greece has 1.6 billion euros worth of debt to the IMF that was supposed to be paid yesterday. The cash-stripped country is unable to pay this amount as the negotiations with its creditors failed on June 26, and Tsipras announced on Saturday the government will take the last international bailout offer to a referendum.

Pro-Kurdish Peoples' Democratic Party İzmir deputy, Ertuğrul Kürkçü, proposed yesterday that Turkey should undertake Greece's 1.6 billion euro payment or provide a zero-interest loan in order to promote peace and solidarity among the two countries, while helping Greece to break the pressure of the IMF, Eurogroup and other creditors.

Separately, the Central Bank of the Republic of Turkey (CBRT) announced that it temporarily decreased the commission rate that is practiced annually - 2 per thousand on euro currency account balances being held in callable foreign exchange deposit accounts as blocked required reserves for banks - to 5 per 10,000 due to the developments observed in the eurozone.

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