UK PM marks Davos: Chair of Doğan TV

DAVOS

Cameron’s speech on the EU woes makes mark at Davos, says Doğan Yalçındağ. DHA Photo

United Kingdom Prime Minister David Cameron made his mark on this year’s Davos meetings with an impressive speech on the problems of the European Union, according to Doğan TV Holding Chairwoman Arzuhan Doğan Yalçındağ.

“I think David Cameron and his country made a mark, He delivered a great speech,” Doğan Yalçındağ said during a televised interview on the sidelines of the World Economic Forum meetings in Switzerland’s Davos.

“He was talking about tax reforms. He was talking about corruption and unregistered economy. It was really interesting to observe that the problems that Turkey was discussing some five or 10 years ago has become the problems of the developed countries,” she said

“This is not about turning our backs on Europe — quite the opposite,” Cameron said in his opening speech on Jan. 24, calling for strong reforms in the bloc.

Meanwhile, Turkey’s anti-crisis formula, which aims to create a trust atmosphere in the economy, a growth by private sector’s initiative and employment, said Deputy Prime Minister Ali Babacan during a panel at World Political Forum on Jan. 25.

Babacan stated that rather than falling into the trap of increasing public expenditure, they provided trust in the economy without unbalancing the budget, established growth via the private sector and incentivized employment. “If the public debt is the main source of concern in the country, increasing public expenditure will only eradicate the targeted economic recovery due to loss of confidence,” he said. Because of that, Turkey carries out austerity policies instead of rising expenditures during the economic crisis. Babacan said Turkey’s grew fast in the last three years via particularly private sector’s investments, adding that they prefer “build-operate-transfer model” to avoid being burden on the Treasury.