2023-06-03 22:33:20
The president, who was sworn in for a third term on Saturday, notably appointed an economist to reassure the financial markets.
By Le Figaro with AFP
Published update
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Turkish President Recep Tayyip Erdogan presented an almost completely renovated new government on Saturday evening. The Head of State was sworn in on Saturday afternoon after his re-election as head of Turkey for a third term. The cabinet, which has a total of 17 ministers, will meet for the first time on Tuesday.
An economist to reassure
Mehmet Simsek, 56, whose name has been circulating with insistence for several days, takes the Ministry of Economy, announced the Head of State from the Cankaya Palace in Ankara, which had been chosen by the founder of the Turkish Republic, Mustafa Kemal Ataturk in 1923.
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Already Minister of Finance (2009-2015) then Deputy Prime Minister in charge of the Economy (until 2018), Mr. Simsek, a former economist at the American bank Merrill Lynch, will have the task of restoring a little orthodoxy in the country’s financial policy in order to restore investor confidence. His arrival should also reassure the financial markets who were hoping for it.
In particular, he must put an end to the policy of downward interest rates defended by the president – contrary to classic theories – to encourage production, but which above all caused inflation to soar by 73% on average over the year. 2022 and up to 85% last fall.
A former intelligence chief at Foreign Affairs
Among the remarkable entrants, Hakan Fidan, former head of MIT, the Turkish intelligence service, takes the helm of Foreign Affairs, replacing Mevlut Cavusoglu. The one who led theservicessince May 2010, is a loyal supporter of President Erdogan, of whom he was already the diplomatic adviser for three years. “He’s the keeper of my secrets, the keeper of state secrets“, confided in 2012 the president, describing Hakan Fidan as a “very well trained official».
According to a Western diplomatic source, Hakan Fidan is “her trusted man for years“And also the one who leads the negotiations with the Arab world, Egypt, the Emirates, Libya and also Syria with which President Erdogan is trying to reconnect through Moscow.
At Defense, the Chief of the Armed Forces
Finally, at Defense, Yasar Güler, the Chief of Staff of the Armed Forces, succeeds Hulusi Akar, himself a former chief of staff who has held this position since July 2018. Mr. Akar was considered the architect of the resistance to the failed putsch of July 2016.
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In power for twenty years, first as Prime Minister, Mr. Erdogan has also appointed a new vice-president, Cevdet Yilmaz, a loyal member of his AKP party, MP for Diyarbakir (south-east) and already several times minister.
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