"The current economic problems of Turkey are primarily caused by internal political reasons. The situation will not improve if the European Union or some of its member states provide Ankara with aid packages or loans. I just see no need for us to meddle in this process," Hahn told the Welt newspaper.
The commissioner pointed out that the improvement of monetary policy, creation of an independent issuing bank, as well as respect for the democratic principles, would help to overcome difficulties the Turkish economy faces.
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Since the beginning of the year, Turkey's lira dropped in price by over 40 percent. The economic situation further worsened in August, when US President Donald Trump authorized the doubling of previously imposed import tariffs on Turkish aluminum and steel to 20 percent and 50 percent, respectively.