The Turkish head of state, Recep Tayyip Erdogan, re-elected on May 28 with 52% of the vote, was sworn in for a new 5-year term. Turkey is suffering from a severe economic crisis with inflation above 40%, driven by the regular reduction of interest rates
Turkish President Recep Tayyip Erdogan, in power for 20 years, began his third term as president before Parliament this Saturday, June 3, in Ankara.
Erdogan promised to “assume his duty impartially” before the 600 elected deputies on May 14, in a ceremony broadcast live by Turkish television channels.
“As president, I swear to protect the existence and independence of the State, the integrity of the homeland, the unconditional sovereignty of the nation, the rule of law [y] the principle of a secular republic”, as conceived by Atatürk, the “father of the Turks”, declared the president, known for his defense of Islamo-conservative positions.
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According to the pro-government press, the inauguration ceremony was attended by some 20 heads of state and the Secretary General of the North Atlantic Treaty Organization (NATO), Jens Stoltenberg.
Turkey is one of the 31 members of the US-led military alliance and maintains its veto on Sweden’s accession, claiming that it offers refuge to opposition activists that Ankara considers “terrorists”.
“A clear message to our Swedish friends! Keep your promises (…) and take concrete measures in the fight against terrorism. The rest will come by itself,” Turkish Foreign Minister Mevlut Cavusoglu tweeted on Thursday.
At night, the list of ministers that will form the Executive will be announced, which will offer a clue of the orientations chosen by the head of state to boost the country’s economy in crisis.
The name of a renowned expert and former employee of the American firm Merrill Lynch, Mehmet Simsek, has been circulating for several days for this task.
Former Minister of Finance (2009-2015) and then Deputy Prime Minister in charge of the Economy (until 2018), this 56-year-old economist should bring financial orthodoxy to regain investor confidence.
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Türkiye and Erdogan
Turkey is suffering from a severe economic crisis with inflation above 40%, driven by the regular reduction of interest rates.
The local currency fell on Friday to more than 20.88 pounds per dollar, despite the billions of dollars invested in the campaign to stop its devaluation.
Erdogan obtained 52.18% of the votes in the second round of the elections. His opponent, the Social Democratic candidate Kemal Kiliçdaroglu, received 47.82% of the vote, according to official results published on Thursday.
Its Parliament, elected on May 14 coinciding with the first round of the presidential elections, was constituted on Friday in Ankara.
The Justice and Development Party (AKP, Islamoconservative) of President Erdogan and his allies have the majority
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