A global strategist at JP Morgan Asset Management has fought the corner for Turkey over its membership of the EU.
Tom Elliot said that by allowing Turkey to join the other member states, it would help sustain the older population of Europe in the future, while also benefiting any drives for institutional and supply side reform. “The youth of today will be generating tomorrow’s productivity that generates tax revenues to spend on welfare, and there are plenty of young Turks," he said. “It has a population of 70m, with only 7pc aged over 65 while 26pc are 14 or under, 17pc of the 457m population of the existing EU is over 65, and only 16pc is 14 or under.” Elliot added that bringing Turkey into ...
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