Giff 2012: Central bank action enables Europe to reverse fiscal austerity, says Turkish deputy prime minister

Ali Babacan at Central Bank of Turkey

Extraordinary monetary policy measures taken by the world's major central banks, notably the European Central Bank (ECB) and the Federal Reserve, have created "a window of opportunity" for governments to steer their economies back to growth, according to Ali Babacan, deputy prime minister of Turkey.

Babacan used a speech at the Global Islamic Finance Forum in Kuala Lumpur today (September 19) to state that some countries in Europe should abandon fiscal austerity efforts that do not appear to be

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: