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Turkey's EU minister blames 'interest rate lobby' for protests in developing countries

Turkey's Chief Negotiator Bagis said that the worldwide protests were 'a plot of the interest rate lobby'

19.06.2013
Turkey's EU minister blames 'interest rate lobby' for protests in developing countries

ANKARA
 
Turkey's EU Minister and Chief Negotiator Egemen Bagis said that in the recent days the protests in developing countries began simultaneously, describing the events as "a plot of the interest rate lobby".

He was referring to the more than two-week-long Gezi Park protests in Turkey and vast rallies İn Brazil sparked by public transport fair hike and spiralled into nationwide demos.

Bagis said some groups were upset about Turkey having a strong economy, adding, "those who loan Turkey with a 63 percent interest rate, now only gain 4.61 percent and they could be in sorrow because their losses."

"Those 2,6 million people who came together in Sincan [Ankara] and Kazlicesme [Istanbul] last week end and shouted out very confidently that they want to destroy this global conspiracy. That's why we don't stand still and carry on," Bagis said. 

He explained that the EU needs Turkey more than Turkey needs the EU, urging the Union "to do your calculations accordingly."  

Bagis interest rate lobby
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