Sworn in with new powers, Erdogan leaves on 1st trip

12 Juillet, 2018, 13:38 | Auteur: Auguste Feret
  • Sworn in with new powers, Erdogan leaves on 1st trip

One dollar last fetched 4.5932 lira, up from 4.5731 lira late Friday.

Dragging on the Turkish markets, the lira currency weakened 4% against the USA dollar late Monday after Erdogan appointed his son-in-law as finance minister and placed measures that could diminish the independence of the central bank, the Wall street Journal reports.

The lira currency, which has been battered this year by concerns about President Tayyip Erdogan's drive for greater control over monetary policy, declined after the changes were published.

"We as Turkey, and the Turkish nation, are making a new start here in your presence".

Only the first defense ministers of Turkey (after the establishment of the Republic of Turkey) were servicemen, and starting from 1950, mainly diplomats and lawyers were appointed to this post.

He said Erdogan's inauguration ceremony will be held on the same day at 06.00 p.m. local time (1500GMT) at the presidential complex.

Before announcing the composition of the Cabinet of Ministers, Erdogan noted that basically there will be new names in it.

The president has said he plans to streamline the cabinet, reducing the number of ministries from 26 to 16. But he's also overseen a strong economy and he has built up considerable support across the country.

President Edgar Chagwa Lungu (centre) with his Sudanese counterpart attends the inauguration of Recep Tayyip Erdogan at the Presidential Complex in Ankara, Turkey on Monday, July 9,2018.

That change takes away one of the last checks on the president's power, Duke University professor of economics and political science Timur Kuran told The Media Line. "In other words, Turkey will be an institutionalized autocracy".

Kane ‘gutted’ as England’s World Cup dream dies
It was the plucky South Americans' second World Cup title, with the first coming on home soil in the inaugural edition in 1930. When England don't have the ball, they struggle against teams who are comfortable with it.

Croatian Saultites celebrate World Cup victory
Only great teams can be as fearless as we were and fight back from a goal down against teams like England ", Mandzukic said. The Croatians had enough left in the tank to put away England , but France have been the strongest team in the tournament.

" On va pouvoir en faire un vrai stade dédié à l'OM ! " — Vélodrome
Âpres depuis près d'un an, les négociations entre l'Olympique de Marseille et Arema sont proche d'aboutir, informe le journal La Provence sur son site.

Under the new system, the president takes over the executive branch and forms the government, and appoints vice presidents, ministers and senior officials.

He has also pledged to end the state of emergency that has been in place since the failed July 2016 coup and has seen the biggest purge in the history of modern Turkey.

Seeking to counter his critics, Erdogan vowed that "in the new period, Turkey will go much further in terms of democratic fundamentals, rights, freedom and economic investment".

The new government faces immediate economic challenges.

Erdogan won an absolute majority in the presidential election on June 24 with 52.5% of the vote.

The markets will keep a close eye on economic appointments, keen to see a steady hand at the helm in a fast-growing economy dogged by double-digit inflation and a widening current account deficit.

Earlier on Monday the lira briefly dropped more than 1 per cent after a decree removed a clause stipulating a five-year term for the central bank governor.

"The central bank will not have independence, there will be no restraints on the president in determining the budget [and] spending priorities", said Kuran.

His re-election marked Turkey's transition to an executive presidential system of government.

Conseillé:



Populaire

Donald Trump defends USA position against global breastfeeding resolution
Describing radical anti-formula efforts as "encouragement of breastfeeding", as media reports did, is extremely tendentious. Another section called on countries to restrict promotion of food products that could have harmful effects on children.

Demolish or preserve Taj Mahal: Supreme Court to Centre
The Taj "is more attractive than the Eiffel Tower" and could have solved the country's foreign exchange problem, the judges noted. If you had looked after it your foreign exchange problem would have been solved", said the judges.

North Korea's Ri Su Yong visits Moscow
Trump did not give any sense of when he might give the CD to Kim. "Vladimir Putin must be licking his chops". Pompeo did not meet with Kim during the trip, his third to North Korea.

Stormy Daniels arrested in OH , lawyer says
Stormy Daniels is pictured during an interview with Anderson Cooper about her alleged affair with Donald Trump. A person who answered the phone at Sirens, the strip club where Daniels performed, declined to comment.

Brewers’ Aguilar headed to All-Star game after winning NL ‘Final Vote’
It's the second All-Star selection for Segura, who first earned the nod with the Milwaukee Brewers in 2013. Segura now has 116 hits this season, tied for the second-most in Major League Baseball .

Florida man with no arms charged with stabbing man with scissors
Along with multiple charges of battering police, Crenshaw's record also includes trespassing and disorderly intoxication arrests. Crenshaw has an extensive criminal past, including battery of law enforcement officers, according to local police.

Liga - FC Barcelone : Clément Lenglet (FC Séville), c'est une question d'heures
Le FC Séville va devoir rapidement lui trouver un remplaçant alors que tout pourrait être officiel prochainement. Alors qu'il serait en quête d'un défenseur, le Barça aurait fait du Français sa priorité défensive.

Americans in UK warned to keep 'low profile' during Trump visit
Mr Khan said he supported the decision taken by the Greater London Authority, adding that it was not for him to be a "censor". While the many thousands are expected to line the streets and protest against Trump, politicians have become involved too.

Fernando Torres: Ex-Liverpool and Chelsea striker signs for Japan's Sagan Tosu
For the record, the Spaniard joins Sagan with the club second-bottom of the J League with 15 games played. Former Spain striker Fernando Torres has announced he is joining Japanese side Sagan Tosu.

3rd Thai cave rescue mission underway
Before resuming the rescue Monday, officials said they hoped to free all the boys by the end of the day, according to ABC News . He said a medic and three SEALS in the cave, who've been looking after those trapped, will also come out.