Turkish finance minister: Turkey is modelled for its strong finance

Turkish Finance Minister Mehmet Simsek said on Friday that Turkey had a strong financial position, which is seen as a model economy. Speaking at the meeting of the European Private Equity and Venture Capital Association (EVCA), Mehmet Simsek stressed that Turkey has accelerated its economic growth in recent years. Simsek stated that Turkish finance makes progress within the framework based on macro reserves. "We have a strong financial position, which is seen as a model economy. Turkey rose to the 43rd place in the global competition index." Upon a question on Taksim Gezi Park protests and incidents, Simsek stressed Turkey's unshakable democratic base, saying "The best solution is more democracy, more freedoms and more sovereign rule of law." "We need to make more reforms.The standards of democracy is the key issue. Fundamental rights and freedoms are of vital importance along with the sovereignty of law as the basic requirement," he noted. Underlining the domestic and foreign efforts to spread misinformation and fabricated news, Simsek added "Violence is intolerable wherever it is used as well as in London and New York. It is unacceptable that one of the largest squares of the country was seized and public property was damaged. Peaceful demonstrations are a part of democracy; however, spreading misinformation and broadcasting fabricated news is unacceptable."