All4114All wrote:The question to the topic is does the EU need Turkey more than ever now or does Turkey need the EU? At the moment I just don't see what is so great about the EU to become a member when you have so many eurozone countries falling into bailouts from the EU and IMF which will cause those countries to lose control on their own financial control. There is talks that eurozone countries like Greece, Ireland, Spain, Portugual may consider to split so they can devalue their own currency to cause less pain in fact it would be greater gain for the Euro strength if such a move did happen. Then you have Bulgaria which is a mafia state that most of the EU funded projects provided has been misused and has stopped any furher funds to be given. Not much to say about Romania in the same boat. Then there is talks about Croatia and Serbia to join. Turkey has however done very well without the EU with the economy continuing to rise and without the monetary policies set by the EU. Although I dont think Turkey should turn away from the EU but the process of trying to join the EU is certainly a greater image for Turkey. Personally I am struggling to see the EU as we speak as a powerful currency in the next 10 years with only two members Germany and France striving to keep the eurozone together.
So now we ask the question is Cyprus really blocking Turkey's EU membership bid for worse or is it actually helping Turkey to stay away from the EU for the time being?
The EU will ride the economic stormy waters, because as a block, when one or two members get into trouble, they can help each other. Who is going to help Turkey other than the IMF. Turkey's economy is growing at 3.7% at the moment once adjusted to inflation, so forget about the 10%+ growth rate that Turkey likes to talk about. They never tell you about their 8-9%+ inflation rate in Turkey. Turkey also has many years with very bad economy, so on average, it may only be slightly better than the EU's. The EU does not have the high inflation rate that Turkey does, therefore their growth rate does not need to be very high to be in line with Turkey's. Turkey does need a large growth rate, just to keep up with inflation.
