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Turkey launches nationwide campaign for new currency
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On 24 Sep 2004 07:11:48 -0700, John Stone wrote:
http://servihoo.com/channels/kinews/...&CategoryID=47 What's the current prognosis for Turkey joining the EU economic union and adopting the Euro? |
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"Jorg Lueke" wrote in message news On 24 Sep 2004 07:11:48 -0700, John Stone wrote: http://servihoo.com/channels/kinews/...&CategoryID=47 What's the current prognosis for Turkey joining the EU economic union and adopting the Euro? From today's news, I gather that if Turkey is to be invited for discussions this year end, joining will be around 2015. There are many hurdles that must be met. Tony |
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Can anyone tell me where to find the value of the lira before WWI and in the
1920's? Tony "John Stone" wrote in message om... http://servihoo.com/channels/kinews/...&CategoryID=47 |
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In article ,
John Stone wrote: http://servihoo.com/channels/kinews/v3news_details.php?id=54714&CategoryID=47 The New Turkish Lira -- or YTL, as it is called here -- will circulate from January 1, 2005, wiping out six zeroes from the current money, which has been a source of national shame for many Turks as a symbol of economic failure. The biggest banknote now circulating -- the 20 million lira (about 13 dollars) bill -- is the biggest banknote in the world. Monthly wages are measured in billions, while the budget, for instance, isq calculated in quadrillions. ... Annual inflation, which surpassed 100 percent in the mid-1990s, now stands at about 10 percent. ... One New Turkish Lira will equal one million Turkish lira -- at current rates, it will be worth about 65 US cents or 55 euro cents. Both currencies will circulate during a transitional period until December 31, 2005, during which labels will list prices in both versions of the lira. The reform will also re-introduce the kurus, which disappeared from circulation more than two decades ago; there will be 100 kurus to the New Turkish Lira. -- Tim McDaniel; Reply-To: |
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Jorg Lueke wrote:
What's the current prognosis for Turkey joining the EU economic union and adopting the Euro? Ask again in 15 to 20 years g. First, a country cannot join the economic part of the European Union only. Which is why, in the case of Turkey, there have not been any membership negotiations so far ... That may change fairly soon, though. Next month the European Commission will "recommend" whether official negotiations with Turkey should start or not. For some recent info on that issue see http://www.euobserver.com/?sid=9&aid=17360 But even if Turkey becomes an EU member in a couple of years, that does not mean it can "automatically" adopt the euro. Keep in mind that the ten countries which joined the EU this year have very different schedules concerning the currency union ... Christian |
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From today's news, I gather that if Turkey is to be invited for discussions this year end, joining will be around 2015. There are many hurdles that must be met. Tony Cultural and religious differences between Turkey and the rest of Europe is considered to be a problem. Many of the EU members are not comfortable with having a muslim majority country as part of the EU. |
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"JSTONE9352" wrote in message ... From today's news, I gather that if Turkey is to be invited for discussions this year end, joining will be around 2015. There are many hurdles that must be met. Tony Cultural and religious differences between Turkey and the rest of Europe is considered to be a problem. Many of the EU members are not comfortable with having a muslim majority country as part of the EU. There are many other obstacles. First, Turkey is not a European country, only about 5% of the country is in Europe, the rest is in Asia. It economy is mostly agricultural and it still has a high rate of inflation. Human rights are almost non-existent. Until recently, the 14-million Kurdish minority was not represented, they could not speak their language in the streets, it has been neglected by the central government, and about 300 Kurdish villages were forcibly evacuated by the army, and they are still not allowed to return. Under European pressure, some liberalization laws were enacted, but are either poorly applied or not applied at all. Tony |
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In article Jorg Lueke writes:
On 24 Sep 2004 07:11:48 -0700, John Stone wrote: http://servihoo.com/channels/kinews/...&CategoryID=47 What's the current prognosis for Turkey joining the EU economic union and adopting the Euro? The first has gone a step forward I think, but it will still take quite some years. The latter is still doubtful, and will be later. Although the current policy appears to be that new EU members will adopt the euro within some reasonable time after entering the EU, but I do not know whether there is a real time-frame involved. -- dik t. winter, cwi, kruislaan 413, 1098 sj amsterdam, nederland, +31205924131 home: bovenover 215, 1025 jn amsterdam, nederland; http://www.cwi.nl/~dik/ |
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