ECB’s Nowotny Says Turkey’s Poverty Makes Joining EU Unrealistic

  • Turkish membership would lead to unsustainable aid: Nowotny
  • Austria’s relations with Turkey have deteriorated since coup

It’s unrealistic to imagine Turkey joining the European Union even in the long term because of the structure of its economy, regardless of concerns about its democratic shortcomings, Austria’s central bank governor Ewald Nowotny said.

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