"I believe that we could make an opportunity for Turkey out of it. And no one should doubt that Turkey will get over this crisis, this fluctuation with minimum damage," Recep Tayyip Erdogan told a press conference where he evaluated recent economic developments.

Erdogan also vowed that the government would continue its determined efforts to reach to the goals it had set before, and the it would stick to the financial discipline.

"Obviously, we cannot expect Turkey to remain completely out of the global fluctuation because our country had made a major integration with the global commercial and financial system. But our country is not weak against crises and fluctuations any more and it is much more resilient to global shocks," Erdogan said.

Erdogan said Turkish financial institutions and bodies were closely and periodically monitoring banking system and liquidity, adding that Turkey had established a strong financial sector before the global crisis had hit.

"In the result of our efforts, the regulation and the controlling of Turkey's financial system have been reshaped with a risk-oriented understanding, making the system better comply with the international standards. We see that the basic indicators regarding the health of the financial system continues on its positive course," Erdogan said.


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