2/11/2008

Turkey's EU bid: follow the money

Reuters - Turkey's bid to join the European Union offers a bonanza for European business, but not for everyone. European companies have already invested 16 billion euros ($23 billion) in the EU's biggest candidate country. Tens of billions more are expected as Turkey, growing at 5-7 percent a year, modernizes its infrastructure and privatizes key sectors. "France has lost contracts to Germany, the UK, Spain, Italy and Greece because of its constant Turkey-bashing discourse," says Bahadir Kaleagasi, Brussels representative of the Turkish Industrialists' and Business Association (TUSIAD).