Turkey launches nationwide campaign for new currency
 

http://servihoo.com/channels/kinews/...&CategoryID=47

On 24 Sep 2004 07:11:48 -0700, John Stone wrote:

http://servihoo.com/channels/kinews/...&CategoryID=47

What's the current prognosis for Turkey joining the EU economic union and
adopting the Euro?

"Jorg Lueke" wrote in message
...
On 24 Sep 2004 07:11:48 -0700, John Stone wrote:


http://servihoo.com/channels/kinews/...&CategoryID=47

What's the current prognosis for Turkey joining the EU economic union and
adopting the Euro?

From today's news, I gather that if Turkey is to be invited for discussions
this year end, joining will be around 2015. There are many hurdles that
must be met.

Tony

Can anyone tell me where to find the value of the lira before WWI and in the
1920's?

Tony

"John Stone" wrote in message
om...

http://servihoo.com/channels/kinews/...&CategoryID=47

In article ,
John Stone wrote:
http://servihoo.com/channels/kinews/v3news_details.php?id=54714&CategoryID=47

The New Turkish Lira -- or YTL, as it is called here -- will
circulate from January 1, 2005, wiping out six zeroes from the
current money, which has been a source of national shame for many
Turks as a symbol of economic failure.

The biggest banknote now circulating -- the 20 million lira (about
13 dollars) bill -- is the biggest banknote in the world.

Monthly wages are measured in billions, while the budget, for
instance, isq calculated in quadrillions.

... Annual inflation, which surpassed 100 percent in the
mid-1990s, now stands at about 10 percent.

... One New Turkish Lira will equal one million Turkish lira -- at
current rates, it will be worth about 65 US cents or 55 euro
cents.

Both currencies will circulate during a transitional period until
December 31, 2005, during which labels will list prices in both
versions of the lira.

The reform will also re-introduce the kurus, which disappeared
from circulation more than two decades ago; there will be 100
kurus to the New Turkish Lira.

--
Tim McDaniel; Reply-To:

Jorg Lueke wrote:

What's the current prognosis for Turkey joining the EU economic union and
adopting the Euro?

Ask again in 15 to 20 years g. First, a country cannot join the
economic part of the European Union only. Which is why, in the case of
Turkey, there have not been any membership negotiations so far ...

That may change fairly soon, though. Next month the European Commission
will "recommend" whether official negotiations with Turkey should start
or not. For some recent info on that issue see
http://www.euobserver.com/?sid=9&aid=17360

But even if Turkey becomes an EU member in a couple of years, that does
not mean it can "automatically" adopt the euro. Keep in mind that the
ten countries which joined the EU this year have very different
schedules concerning the currency union ...

Christian

In article ,
(Christian Feldhaus) wrote:

That may change fairly soon, though. Next month the European Commission
will "recommend" whether official negotiations with Turkey should start
or not. For some recent info on that issue see
http://www.euobserver.com/?sid=9&aid=17360

From the link:
"Mr Verheugen also announced that a Commission group investigating
torture in the country found that there are no grounds for accusing the
Turkish authorities of systematic abuses."

Amnesty International may have a different opinion on this issue.

In article Jorg Lueke writes:
On 24 Sep 2004 07:11:48 -0700, John Stone wrote:

http://servihoo.com/channels/kinews/...&CategoryID=47

What's the current prognosis for Turkey joining the EU economic union and
adopting the Euro?

The first has gone a step forward I think, but it will still take quite
some years. The latter is still doubtful, and will be later. Although
the current policy appears to be that new EU members will adopt the euro
within some reasonable time after entering the EU, but I do not know
whether there is a real time-frame involved.
--
dik t. winter, cwi, kruislaan 413, 1098 sj amsterdam, nederland, +31205924131
home: bovenover 215, 1025 jn amsterdam, nederland; http://www.cwi.nl/~dik/

In article writes:
....
But even if Turkey becomes an EU member in a couple of years, that does
not mean it can "automatically" adopt the euro. Keep in mind that the
ten countries which joined the EU this year have very different
schedules concerning the currency union ...

The current policy is that the euro will be adopted (so, no new Danmark,
Sweden or UK), but a time-frame is lacking. The only new country for
which I read about a definite year was Malta, where the intended year
of 2005 was changed to 2006.
--
dik t. winter, cwi, kruislaan 413, 1098 sj amsterdam, nederland, +31205924131
home: bovenover 215, 1025 jn amsterdam, nederland; http://www.cwi.nl/~dik/

In article Scot Kamins writes:
....
From the link:
"Mr Verheugen also announced that a Commission group investigating
torture in the country found that there are no grounds for accusing the
Turkish authorities of systematic abuses."

Amnesty International may have a different opinion on this issue.

Indeed. But I think that you will find approximately the same for
Slovakia. But quite a bit in the Turkish policy has been changed
already, like the possibility to use Kurdish. There is much more
desired, but whether the torture is still systematic is another question.
--
dik t. winter, cwi, kruislaan 413, 1098 sj amsterdam, nederland, +31205924131
home: bovenover 215, 1025 jn amsterdam, nederland; http://www.cwi.nl/~dik/