12:01 GMT +321 November 2019
Listen Live
    Turkey Coup With Flag

    Turkish Minister Says Economy in Good Condition Following Coup Attempt

    © AP Photo/ Emrah Gurel
    Middle East
    Get short URL
    125
    Subscribe

    Turkish economy is in good condition following the coup attempt in the country, Turkish Economy Minister Nihat Zeybekci told Sputnik.

    MOSCOW (Sputnik) — On July 15, an attempted coup took place in Turkey, and was suppressed the following day. Over 240 people were killed during the coup attempt and an estimated 2,000 were wounded.

    "If this coup attempt had occurred in other countries with high GDP…the economy of these countries would not have been able to recover… As for us, the following morning after the attempted coup, already at 8:30 a.m., the stock exchange was functioning and was in full working condition. Turkey, in this respect, in all areas, by all criteria, including economic ones, is in a very good position," Zeybekci said.

    Standard & Poor's downgraded Turkey’s sovereign credit rating on July 20, citing the failed coup and fallout it would have on the nation’s externally-leveraged economy.

    Moreover, Turkey has no plans to govern the country's economy using decree-laws under the declared state of emergency, Nihat Zeybekci added.

    "No. There are no plans to use this right in economics," Zeybekci said.

    A three-month state of emergency declared by Turkish President Recep Tayyip Erdogan following the failed July 15 coup has seen the arrests of more than 10,000 people and a sweeping purge of more than 50,000 judges, civil servants, military officers and educators, according to published reports.

    Under the state of emergency, Erdogan can enact new laws bypassing the nation’s legislature and it also imposes restrictions on public gatherings.

    Related:

    Turkish Minister Cannot Confirm Pilots Who Downed Su-24 Also Bombed Parliament
    Turkey Detains Two More Soldiers Involved in Attack Against Erdogan During Coup
    Turkey Arrests 8 Perpetrators of Hotel Attack Against Erdogan - Reports
    Tags:
    economy, coup attempt in Turkey, Nihat Zeybekci, Turkey
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik