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Erdogan says recent funds crisis poses no risk to Turkish financial system

Erdogan says recent funds crisis poses no risk to Turkish financial system

- Turkish President Tayyip Erdogan said a recent crisis involving investment funds posed no risk to the country's financial system or broader economy, adding that authorities would introduce measures to prevent a recurrence.

"We are talking about a problem that emerged in a limited area of the capital markets, in a certain number of funds. There is no risk to either our financial system or the Turkish economy," Erdogan told a group of Turkish journalists in New York, according to a text of his remarks shared by his office on Thursday.


(Reporting by Huseyin Hayatsever and Ece Toksabay; Editing by Kirsten Donovan)

((Huseyin.Hayatsever@reuters.com))

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