European Council President Herman Van Rompuy and European Commission President Jose Barroso have congratulated Recep Tayyip Erdogan on his election as President of Turkey.
"Turkey is a key partner for the European Union: a candidate country negotiating EU accession, a neighbour, an important trade partner and a foreign policy ally," they said in a joint statement Monday.
Hey vowed that the European Union is "looking forward to enhancing our cooperation in all these areas."
"As you rightly underlined yourself, we trust you will maintain the conciliatory role which your new position involves, and strive to encompass all communities, beliefs, sensitivities, opinions and lifestyles of the Turkish society. We also look forward to your continuing support to the current process aiming at a settlement of the Kurdish issue, in which you already invested valuable efforts and on your continuing support to reach a settlement in Cyprus," the statement added.
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December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.