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Deal reached on EU-Turkey talks
Turkey turns on the economic charmMr Gul told reporters at Ankara airport that an “historic point has been reached today”, adding that Turkey “has embarked on a new era”. “The text sets out very clearly the prospect of full membership. There is no alternative option (mentioned),” he went on.
Pope Benedict XVI: Enemy of JihadIf admitted into the EU, Turkey would contribute almost 6bn euros ($8bn; £6bn) to its budget by 2014… Turkey’s gross domestic output (GDP) is set to grow by 6% per year on average, its contribution would rise from less than 5bn euros in 2014 to almost 9bn euros by 2020. Turkey could also help alleviate a labour shortage in “Old Europe” once its population comes of age. By 2014, one in four Turks - or about 18 million people - will be aged 14 or less.
Critics insist that much of the optimism about Turkey’s economic roadmap has been over-egged - an argument amplified by a 134% rise in the country’s current account deficit to $10.7bn during the first 10 months of this year. The country’s massive debt - which includes $23bn owed to the IMF and billions borrowed via the international bond markets - also remains a major obstacle to its ambition of joining the EU.
In line with his call to Europeans to recover their own spiritual heritage, the new Pope opposes Turkey’s proposed entrance into the European Union: “Turkey,” he has declared, “has always represented a different continent, always in contrast with Europe.” But his objection is not simply geographical — in fact, he opposes the geographical oversimplifications that underlie Turkey’s EU bid: “Europe,” he has explained, “was founded not on a geography, but on a common faith."