Free Trial

Simsek 'Almost Certain' in New Erdogan Cabinet

TURKEY
  • Reuters reports that former economy minister Simsek is "almost certain" to enter Erdogan's new cabinet, and may take a role as vice president or a minister in government. The report adds that Erdogan is expected to announce a new cabinet on Friday or Saturday at the latest.
  • Simsek's appointment looks pretty certain to go ahead, according to recent reports. Bloomberg wrote yesterday that Simsek's schedule had to be cancelled at short notice due to 'unexpected' meetings - looks increasingly likely he's involved in high level discussions. * Recall that speculation in local press over the past few days sees Simsek reportedly demanding that his team will be “free from interference” for at least two years - helping bolster his credibility with markets.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.