Turkey plans to create TL-zone as alternative to Eurozone
Azerbaijan, Baku, Oct. 31 / Trend A. Taghiyeva /
Turkey plans to create a Turkish lira-zone as an alternative to the Eurozone, Turkish Prime Minister Recep Tayyip Erdogan said during his official visit to Germany, Sabah newspaper reported today.
Erdogan said that a number of EU countries have not joined the Eurozone and have not suffered as a result.
"Great Britain has not joined the Eurozone and the country's economy is quite stable," he said. "British authorities advised us not to join the Eurozone, but create a Turkish lira-zone."
Erdogan said that Turkey has been thinking about this issue for a long time. He added that the EU must reconsider its monetary policy.
Eurozone is the currency union uniting 27 European Union countries. The official currency is the euro. Eurozone was established in 1999.
Turkey's monetary unit is the Turkish Lira (TL).