Sun. Jun 16th, 2024

Ali Babacan Highlights Risk of Social Conflict over Macro-Financial Stability at International Conference

By Haberyaz May29,2024

Deva Party Chairman Ali Babacan Delivers Key Messages at International Conference

Deva Party Chairman Ali Babacan shared critical insights during his speech at a conference held in China, organized in collaboration with Tsinghua University and the Reinventing Bretton Woods Committee.

Babacan, who attended as a speaker, emphasized that macro-financial stability should not come at the expense of millions sinking into poverty. He warned that such practices could lead to social conflicts and highlighted the importance of dialogue, coordination, and cooperation.

“The end of a zero-sum game, where one wins what the other loses, is conflict. Problems cannot be solved without dialogue, coordination, and cooperation,” Babacan said, stressing the necessity of international collaboration.

Babacan also expressed gratitude to Min and Marc, who contributed to the organization of the conference, and thanked all the speakers and participants who ensured the event’s success.

Source: Speech by Ali Babacan, Chairman of Deva Party.

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