Published: Ср, Июля 11, 2018
People | By Leon Thompson

Erdoğan sworn in as Turkish president with enhanced powers

Erdoğan sworn in as Turkish president with enhanced powers

"Most powers will be concentrated in his hands, there will no longer be a prime minister, and nearly none of the checks and balances of liberal democracies will be present".

He referred to the principles of Mustafa Kemal Ataturk, the founder of the modern Turkish Republic and vowed to "remain loyal to the rule of law, to the democratic and secular republic, and to Ataturk's principles and reforms".

Parliament can ratify or reject his budget and the president needs parliamentary approval for emergency rule and decrees passed during that time.

Erdoğan took the oath of office in a ceremony in the Grand National Assembly, the culmination of almost a decade of political activism to transform the country's parliamentary democracy into a presidential system.

"Turkey is entering a new era", Erdogan told his ruling AK Party at the weekend.

In his inaugural speech, President Erdogan said no country needs a saviour and the only thing that humanity needs is justice and equality. Marc Pierini, a former European Union ambassador to Turkey and a visiting scholar at Carnegie Europe, said Erdogan's new powers would effectively make him a "super-executive president".

He then unveiled the first cabinet under the new system, appointing his son-in-law Berat Albayrak, 40, to the crucial post of finance minister, in a move that appeared to rattle markets.

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Recep Tayyip Erdogan, the president of Turkey, was just sworn into office for another five-year term.

Prime Minister Binali Yildirim now goes down in history as the 27th and final holder of the post in Turkey.

The lira fell 3.8 percent to 4.7488 per dollar, extending one of the biggest slides across emerging markets this year. Investors are keen to see Mehmet Simsek, now deputy prime minister, continue at the helm of the economy.

The lira has been battered by concern about Erdogan's drive for lower interest rates and by comments in May that he planned to take greater control of the economy after the election, which he won on June 24. He also promised to "leave behind a system that cost the country heavily because of the political, social and economic chaos it caused in the past", according to Hurriyet Daily News. "In other words, Turkey will be an institutionalized autocracy". Erdoĝan has repeatedly clashed with strategic allies such as the USA and the European Union in recent years over the war in Syria, Turkey's accession to the EU, human rights abuses by Ankara, Europe's failure to support Turkey during the coup attempt, and rising Islamophobia in Europe.

The new cabinet, due to be announced at 1800 GMT, is expected to have a different look, especially after Erdogan said the government would include non-AKP figures.

"For the cabinet appointments in the past several years, the most important issue has been the presence of the current deputy prime minister, Mehmet Simsek", said Inan Demir, a senior economist at Nomura International. Inflation surged last month above 15 per cent, its highest level in more than a decade, even though the central bank has raised interest rates by 5 percentage points since April.

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