Turkey: Finance Minister and Crisis

turkey: The fallout from Turkey's crisis will cause damage far beyond its borders Simon Tisdall Read more The unyielding confidence that Erdo an has placed in the husband of his daughter, Esra, culminated in his appointment as finance minister in June, a role that has left Albayrak as custodian of a grave national crisis, according to The Guardian. As Turkey's currency dabbles with the unknown and global markets nervously weigh whether the country can pull its economy back from the brink, the two men carry a burden that many believe they are unable to shoulder. The 40-year-old businessman, who is due to address foreign investors about the liracrisis on Thursday, owes his position to his father-in-law, the Turkish president, Recep Tayyip Erdo an, who has given him sweeping powers in Turkish life, particularly in the past five years. Albayrak has learned much from his father-in-law, who in turn appears to have studied how his newest nemesis Donald Trump tries to rule. Both presidents see themselves as strongmen whose faith is best placed in family. Albayrak is to Erdo an what Jared Kushner is to Trump; the former's title matters less than his proximity to Turkey's centre of power, and the same can be said for Kushner. (news.financializer.com). As reported in the news.

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