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Erdogan Attacks Banks

Published: July 18, 2013; 08:31 · (Vindobona)

Turkey´s Prime Minister wants to strengthen his fight against the over-indebtedness of private Turkish households. According to Erdogan, banks are responsible for the unfavorable situation.

Erdogan Attacks Banks / Picture: © Wikipedia / Randam

Erdogan thinks that the use of credit cards is the main reason for the over-indebtedness of Turkish households. The Prime Minister wants the Turkish citizens to refrain from credit cards and to use cash instead. Erdogan: “Banks are recording billions in profits because the bank accounts of the citizens are overdrawn. The private households are highly indebted.” According to…

This article includes a total of 124 words.

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