December 5, 2011 - 17:09 AMT
Turkey may withdraw EU bid?

As economic contagion tarnishes the European Union, a newly assertive Turkey is increasingly looking east instead of west, and asking a vexing question: Should Turkey reject Europe before Europe rejects Turkey?, Dan Bilefsky’s article says.

“With Europe shaken by a spiraling credit crisis and the tumult of the Arab Spring creating opportunities for Turkey to wield new clout as a regional power, people here are weighing a step that would have been unthinkable only a few years ago: walking away from the European Union altogether.

A century ago when the Ottoman Empire was crumbling, Turkey acquired the unwelcome nickname “the sick man of Europe.” Now many Turks cannot help but gloat that Turkey’s economy is forecast to grow at a 7.5 percent rate this year while Europe is sputtering,” the author notes.

“Those who called us ‘sick’ in the past are now ‘sick’ themselves,” Zafer Caglayan, Turkey’s minister of economy, said recently. “May God grant them recovery.”

Business people in Turkey, who have long supported membership, are finding it harder to make the case. Mr. Yarar, the business group leader, owns 404, a chemical company, and Lezzo, a food company, which makes the country’s well-known apple tea. He noted that Turkey’s trade patterns were shifting eastward: though Europe still bought about 56 percent of Turkey’s exports in 2010, some 20 percent went to the Middle East, compared with 12.5 percent in 2004. “It may take 10 years, but the Arab Spring will make these markets even more attractive,” he said, according to The New York Times.