Market pressure keeps Babacan in new Turkish Cabinet
Ali Babacan, deputy prime minister in charge of the economy, retained his post in the new Turkish Cabinet, announced Aug. 29 by Ahmet Davutoglu, Recep Tayyip Erdogan’s successor in the prime minister’s seat. This comes as good news for international financial investors, who credit Babacan as a guarantor of Turkey’s economic policies. It is also good news with regard to sustained economic stability at a time when risks are on the rise. Finance Minister Mehmet Simsek, too, retained his post.
More:Market pressure keeps Babacan in new Turkish Cabinet - Al-Monitor: the Pulse of the Middle East
