Erdogan choices intensify Turkey pessimism

摘要

turkey's assets experienced yet another tough week as President Erdogan's decision to appoint his son-in-law as finance minister went down like a lead balloon with investors. The lira dropped nearly 3% after the announcement that Berat Albayrak would oversee economic policymaking in the new administration that excluded former deputy prime minister Mehmet Simsek, seen as the main market-friendly minister in the previous government.