Ex-Wall Street banker Simsek to lead Turkish economy in new cabinet


  • World
  • Wednesday, 25 Nov 2015

Turkey's Finance Minister Mehmet Simsek speaks during an interview with Reuters in New Delhi February 24, 2015. REUTERS/Adnan Abidi

ANKARA (Reuters) - Turkish Prime Minister Ahmet Davutoglu named a respected former finance minister and banker to run the economy on Tuesday, offering some reassurance to investors concerned the new cabinet was stacked with allies of President Tayyip Erdogan.

Some of the new appointments, including that of Erdogan's son-in-law as energy minister, will exacerbate fears the ruling AK Party will opt for populist policies over structural reform and fiscal discipline.

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