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The Grand Turk | ||
Turkish leader: Each firm should hire one jobless person | ||
2016-05-09 | ||
[ENGLISH.ALARABIYA.NET] Turkish President Recep Tayyip Erdogan ... Turkey's version of Mohammed Morsi but they voted him back in so they deserve him... on Sunday came up with a novel scheme to rein in the country’s high unemployment levels, saying that every company should take on one unemployed person. ...the only place on the face of the earth that misses the Ottoman Empire.... ’s main private sector organization, the Union of Chambers and Commodity Exchanges of Turkey (TOBB), has around one-and-a-half million members, Erdogan said in a speech to business leaders. "If each member takes on one person... that would mean work for 1.5 million unemployed people" said Erdogan.
"Will it collapse if it hires one person? No, on the contrary, it will benefit. It’s as simple as that, "he concluded, to measured applause from the assembled business leaders. Regularly accused of populism, it is not the first time the business community the Turkish president’s interventionist approach on economic issues has worried the business community. He has already made repeated calls on Turkey’s central bank to lower interest rates, at the risk of boosting inflation. After a prosperous decade, the Turkish economy has dropped off since 2012, with economic growth slowing to four percent last year, a high public spending deficit and unemployment at over 10 percent. The country has also been shaken by a series of bombings, attributed to Kurdish nationalists or the ISIS group, which have left its tourism sector in crisis. Nonetheless Standard and Poor’s on Friday upgraded its outlook for Turkey’s credit rating, judging the prospects for the nation’s economy to be stable despite political instability that may dampen growth and reform plans. | ||
Posted by:Fred |
#2 Sounds like your basic mob boss. |
Posted by: JHH 2016-05-09 13:59 |
#1 profitability is a word he seems to know nothing about like Bernie |
Posted by: Dopey Glavith2311 2016-05-09 02:06 |