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
