EuroFora

In 1 year: Armenia = CoE Chairman, Turkey = Droping growth from 9% to less than 2%, Falling Lira, Lower Profits, Trade Deficit, Double-digit Inflation, etc., amidst growing Tensions

In just one  year, Armenia will take over PanEuropean CoE's Presidency, while, in the meantime, Turkey's Past growth is due to Drop dramatically in 2012 from previously 9% to less than 2%,  Falling perhaps even Lower on 2013, according to a sharp Downward Trend pushed also by a Heavy Trade Deficit.

Moreover, Turkish Lira "fell to the Lowest close on Record" compared to US dollar, with -1,2% less in just a few days, becoming "the 2nd-Worst performer this year among more than 20 emerging-market currencies (sic !), ... and its Decline has pushed up import Costs", denounced Bloomberg. Thus, worsening Inflation in Turkey grew up to the ...Double of what was expected : instead of 5,5%, Turkish Inflation exploded up to.. 9,5% !  In consequence, Turkish Banks' profit fell down to - 12% less this year, Ankara acknowledged on December...

Given the Unemployment in Turkey, the regional under-development, and the Tensions (even Military clashes between the Turkish Army and Kurdish Rebels reportedly striking  Army posts at the external borders with Iraq, where Kurds hold an Iraqi Regional Government, added to probable EU - Turkey Crisis expected in the middle of 2012 when Cyprus will take over EU Council's rotating Chairmanship, (etc), Ankara's Economy would apparently collapse if EU decided to Suspend, "Freeze", Cut or (totally or partially) Cancel the lucrative "Pre-Accession Aide" paid by EU Taxpayers' Money to the notoriously anti_Democratic, retrogradeTurkish Governement, (f.ex. after its current scandalous interferences, gross Insults and Slandering against France and other EU Countries, Israel, even Iraq, etc)...