A few hours after being sworn in as President of Turkey for another five years, Recep Tayyip Erdogan proceeded to completely restore the rhetoric of the Blue Homeland.

As SKAI’s Istanbul correspondent Manolis Kostidis points out, the Turkish President at the inauguration ceremony in the presidential palace adopted a conciliatory tone regarding the interior of the country, speaking of peace in the homeland and the wider region, however he did not fail to mention then to the question of the “Blue Homeland”.

“In the new era, our interlocutors will have in front of them a Turkey that will fight more decisively against terrorist organizations inside and outside its borders, will more vigorously protect its rights and those of its brothers in the Blue Homeland,” he said. characteristics summarizing that Turkey will raise the bar of success everywhere, from economy and trade, to security and democracy, it will be more compassionate, more courageous and more active.

Turkey’s longest-serving leader, Erdogan won 52.2 percent of the vote in the second round of presidential elections held on May 28, extending his rule into a third decade.

Erdogan will announce his government later today and is expected to signal a shift in his unorthodox approach to economic policy.

He is likely to include former economy chief Mehmet Simsek in his cabinet, Reuters reported last week, indicating a potential return to greater economic orthodoxy, possibly including rate hikes.

Simsek was respected by investors when he served as finance minister and deputy prime minister from 2009 to 2018. A major role for him now could signal a departure from years of insisting on low interest rates despite high inflation and heavy state control of the markets.

Analysts have warned that if current policies continue, the economy is headed for turmoil as foreign exchange reserves are depleted and inflation is expected to rise.

At the same time, information wants a female governor to be placed at the Central Bank, specifically Javize Gaye.
The ministers

The list of ministers in the new government is set to give an idea of ​​the path Erdogan wants to take to turn around Turkey’s crisis-ridden economy.

According to the information, Hakan Fidan will allegedly take over the Ministry of Foreign Affairs, while the Presidential Spokesperson, Ibrahim Kalin, seems to be appointed head of the National Intelligence Organization (MIT).

At the same time, it is said that Mevlut Cavusoglu and Hulusi Akar will be outside the government formation.