Deputy PM says presidential system key for economic growth

Turkey's deputy prime minister for economy says presidential system would help Turkey keep up with world’s rapid pace of development

Photo by: AA
Photo by: AA

Turkey’s Deputy Prime Minister for the Economy Mehmet Simsek speaks at AA Editors’ Desk on March 4, 2016.

Turkey’s Deputy Prime Minister for Economy, Mehmet Simsek, said on Friday that implementing a presidential system would help Turkey keep up with the world’s rapid pace of development.

"Let’s talk about a presidential model, which would suit the country’s needs in order to not to create an authoritarian system,” added Simsek.

Simsek said that the country’s opposition parties are deliberately using the issue as a political fodder rather than seriously sharing ideas with the public about a possible presidential model that would fit Turkey’s needs.

If there is stability and the ability to enact predictable reforms, then the country will develop rapidly, he said.

There is a debate over changing Turkey’s existing parliamentary system into a presidential one.

Simsek also said that in the wake of the 2008 global financial crisis, expectations of central banks have risen unrealistically.

"It was expected that central banks could be like a ‘superman.’ There is no such thing,” he said.

“There is no possibility that banks’ monetary policy could single-handedly lift up the global economy. These expectations are mistaken. Central banks can’t solve problems alone. They can [only] temporarily provide some relief and ease.”

TRTWorld, AA