Turkey zeroes in on the New Year
LAST MONTH’S RECOMMENDATION from the European Commission that Turkey is ready to begin formal negotiations to join the European Union, pending a final December endorsement, has boosted Turkish markets and triggered new signs of foreign direct investment.
The EC’s final “progress report”, published on October 6, has sparked a spirit of optimism at times bordering on euphoria, despite profound concerns about the long list of reforms that Turkey still has to make.
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