About Ali Babacan:
Ali Babacan is a Turkish politician. He was Deputy Prime Minister of Turkey responsible for the Economy. He was previously Minister of Economy in the 58th cabinet from the Justice and Development Party (AK Party). On August 29, 2007, he was named Minister of Foreign Affairs of in the cabinet of re-elected Prime Minister Recep Tayyip Erdo?an. Babacan succeeded Abdullah Gül, who became President.
Turkey is going through an incredible economic, political and social transformation. What is most important is that Turkey has been the owner of this transformation. Ownership has been the key to success.Ali Babacan
When Turkey buys Iranian oil, we pay for it in Turkish lira... However, it is not possible for Iran to take that money as dollars into its own country due to international restrictions, the U.S.A.'s sanctions. Therefore, when Iran cannot take this mo...Ali Babacan
We have been talking with leaders: Change is coming; you can no longer have a closed regime with an open society - satellites, social media, the Internet - you have this kind, this kind of society moving forward, and you are running this closed regim...Ali Babacan
Turkey has a young and growing population. Until recently, this was perceived as a problem, a burden that Turkey would bring to the E.U. But it is, in fact, an asset that can help the population deficit of the E.U. and the economic growth of Turkey.Ali Babacan