Erdogan evaluated crisis measures with his economic team

Holding a meeting with his economic team Prime Minister Recep Tayyip Erdogan evaluated the recent developments in markets. Turkey's economy and financial markets were unlikely to suffer a long term impact from developments rocking global markets, the Prime Minister's office said in a statement published after the four hour meeting. Turkey will maintain its fiscal discipline, pursue policies to increase employment, improve investment conditions and follow its privatization programme, the statement said. The statement also said Turkey will focus on the rapid implementation of structural reforms to permanently solve the current account deficit problem. Deputy Prime Minister Ali Babacan, Finance Minister Mehmet Simsek, Labor and Social Security Minister Faruk Celik, Development Minister Cevdet Yilmaz, Economy Minister Zafer Caglayan, Science, Industry and Technology Minister Nihat Ergun, Customs and Trade Minister Hayati Yazici and the ruling Justice and Development Party (AK Party) economy staff were present at the meeting. The statement said the ministers discussed the latest developments in global financial stocks and their reflection on Turkey.