Reuters: Erdogan starts presidential rule, names son-in-law Turkish finance minister
ISTANBUL (Reuters) - Turkey’s Tayyip Erdogan ushered in the new, executive presidential system he had long campaigned for by putting his son-in-law in charge of the economy and promising a greater overhaul of a country he has dominated for 15 years.
Hours after he was sworn in with sweeping new powers at a ceremony in the capital of Ankara late on Monday, Erdogan named Berat Albayrak as treasury and finance minister. Albayrak, 40, previously served as energy minister and, before that, led a company seen as close to the government.
His appointment - and the absence of familiar, market-friendly ministers from the cabinet - has helped send the lira sharply lower. Erdogan has said the powerful executive presidency is vital to drive economic growth and to ensure security after a failed 2016 military coup.
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WNU Editor: Investors are not happy with this appointment .... Erdogan's New Dynasty Makes Turkey Uninvestable (Bloomberg)
More News On Turkish President Erdogan Naming His Son-In-Law As The Country's Finance Minister
Turkey's Erdogan son-in-law made finance minister amid nepotism fears -- BBC
Turkish markets sink as President Erdogan hires son-in-law as finance minister -- CNBC
Turkey's Tayyip Erdogan sworn in as executive president, names son-in-law as finance minister -- ABC News Online
Turkish Lira Slumps as Erdogan Names Son-in-Law as Economy Chief -- Bloomberg
Erdogan’s son-in-law is a rising cabinet star -- Times of Israel/AFP
Erdogan Begins New Term and Names His Son-in-Law Finance Minister -- The New York Times
4 comments:
oops. bad move.
Would someone please take that shovel away from him!
Where's the moustache? Where's the armband?
"Well", Erdogan is reported to have replied, "obama didn't have one. Why should I?"
Hahaha , trumpism at work
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