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Market Watch: 'If Greece Exits Eurozone, Replace It With Turkey'

A writer on the well-known blog Market Watch is making a heretical suggestion, proposing that if the “Grexit” takes place, Turkey should replace our country in the Eurozone.
The article says, “If Greece ends up leaving the Eurozone, as the nonstop flow of ‘Grexit’ rumors suggest might just happen, Turkey should take its place.”
“Now, there are all sorts of historical reasons—wars and outright hatred and whatnot—for why the Aegean neighborhood would not take kindly to such musical chairs.” The writer self-evaluates his recommendation as “an attractive idea.”
Europe needs more than that “hardline fiscal austerity stuff,” the writer adds, remarking that” Greece…doesn’t have much of the growth factor.”
Explaining that the Organization for Economic Cooperation and Development said on Tuesday that “Greece’s economy will be in [place] to growth by just over 5% in 2012,” it compares our country’s finances with that of Turkey’s.
“Turkey, on the other hand, has quite a lot of growth. A very China-looking amount in 2011 at 8.5%, actually,” the writer says, suggesting that his proposal can be rationally explained.
“That’s going to cool off somewhat in the next year or two, but it’s an expansion rate that you’d have to think that most of Europe would rub its collective hands in glee over.”
“Turkey’s status as a Muslim-world power throws up some hurdles for the xenophobes in Berlin and Paris, admittedly, but they might be willing to overlook that once they realized that the average age in Turkey is hovering around the 28-and-change level, far below the European average.”
“With a German-sized population of nearly 80 million, that’s a lot of fresh blood to pay for Europe’s aging, pension-taking citizenry,” he adds.
The article hosts statements of the Chief Executive of Turkcell, Süreyya Ciliv, with him saying “We have a tremendous [economic] engine here…It’s [EU ascension for Turkey] a win-win scenario. For them. And us. Even now.”
He concludes with advising European leaders to “look up from their soup and reach for the Turkish delight.”

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