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Turkey can think about mid-term loan from US reserve: premier

Other News Materials 15 November 2008 14:51 (UTC +04:00)

Turkish Prime Minister Recep Tayyip Erdogan said they would like to think about a mid-term loan.

Asked whether Turkey would ask for a loan from the U.S. federal reserve, Erdogan said, "we would like to think about a mid-term loan, not a short-term one."

"Such an opportunity could be used," he said, reported World Bulletin.

On how to weather the economic crisis, Erdogan said international auditing mechanisms should be turned into much healthier mechanisms and added that world leaders should discuss what the International Monetary Fund and the World Bank could do to ease the crisis.

Erdogan aslo said that U.S. president-elect Barack Obama would be the one to establish the global peace.

"Mr. Obama has more responsibilities than any of us," Erdogan told reporters at the National Press Club in Washington D.C. where he is attending the G20 summit with world leaders to hash out measures to ease the global economic and financial crisis.

Asked about his message to Obama, Erdogan said the U.S. mission, due to its global position, should speed up peace efforts in global scale.

"World wants peace not war," Erdogan said.

He also said Turkey wanted to maintain its multi-dimensional cooperation with Obama-led new U.S. administration.

"And of course, we expect the new U.S. administration to take into account our sensitivities of vital importance," he said, adding that Turkey welcomed Obama's pledge that the U.S. would continue to support Turkey in fight against PKK.

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