ISTANBUL (Reuters) - Turkish Deputy Prime Minister Mehmet Simsek, an economic reformer whose reappointment this week had initially reassured investors, will see his responsibilities shrink in the new cabinet, with some transferred to an ally of populist President Tayyip Erdogan.
Simsek's reappointment on Tuesday relieved investors nervous that economic management might increasingly fall into the hands of Erdogan advisers, who champion growth policies at the expense of badly-needed reforms.
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