(Hurriyet Daily News) The eurozone crisis cost compares with the financial consequences of the World War II for the globe, Deputy Prime Minister Ali Babacan has said.
“The debts of developed countries had not risen this much since World War II. The cost of the crisis is at the same level with the World War II, or even surpassed it,” Babacan said at the inauguration of the sixth Turkish Sectoral Economy Council in Ankara yesterday. “The growth rates of developing countries are also revised as decreasing, despite the fast growth after the 2009 crisis. It is anticipated to recover the rates after 2016.”