Having a dialogue in a live broadcast discussion at the Bloomberg TV channel, Babacan pointed out to the flexibility of the Turkish banking sector beside the fright of the global economic crisis and admired the solid position as amongst one of the main factors serving Turkey withstand the disaster without difficulty.

He further added that earlier, Turkey was extensively looked upon as a big trouble by the EU, but this observation is no further valid.

Babacan noted that the minister expressed that the involvement of the private sector to the highly growing performance of the nation was indisputable and also underlining that private expenditure and funds had been the main propellants of the growth in Turkey. Hence the administration has forever put up special notice to ensuring self-confidence in its economy agenda since 2002.

Explaining that how can Turkey exceed from other European economies in economic presentation, Babacan expressed further that Turkey has been taking actions accurately contradictory to whatever Europe has been doing during the past year to deal with the disaster, and at the present it is collecting the fruits of these steps, which has been proven to be accurate.

He argued that financial stimulus programs are enormously dangerous in nations which are having high tariff of debts above gross domestic products (GDP). Market self-assurance depreciates badly if modern budget arrears are added to previously high debt stocks.