Calamos Supports Greece
GreekReporter.comGreek NewsPoliticsTurkey’s Erdogan Takes Oath as President after Historic Win

Turkey’s Erdogan Takes Oath as President after Historic Win

Credit: Turkish Presidency

Recep Tayyip Erdogan has been sworn in as head of state in Turkey after winning a historic run-off election to extend his two-decade rule for another five years.

“I, as president, swear upon my honor and integrity before the great Turkish nation and history to safeguard the existence and independence of the state … to abide by the constitution, the rule of law, democracy, the principles and reforms of Ataturk, and the principles of the secular republic,” Erdogan said in a ceremony at the parliament in Ankara, which was broadcast live on television on Saturday.

Saturday’s inauguration in parliament will be followed by a lavish ceremony at the presidential palace in the capital Ankara attended by dozens of world leaders.

Turkey’s leader won the May 28 run-off against a powerful opposition coalition and despite an economic crisis and severe criticism following a devastating February earthquake that killed more than 50,000 people.

Erdogan won 52.2 percent of the vote while his rival Kemal Kilicdaroglu 47.8 percent, official results show.

Erdogan’s priority to address Turkey’s economic plight

Addressing the country’s economic troubles will be Erdogan’s priority with inflation running at 43.70 percent, partly due to his unorthodox policy of cutting interest rates to stimulate growth.

Erdogan will name his cabinet later on Saturday and is expected to signal a change in his economic policy.

Erdogan was likely to include former economy chief Mehmet Simsek, Reuters reported earlier this week, which would indicate a potential return to greater economic orthodoxy, including eventual interest rate hikes.

Simsek was highly regarded by investors when he served as finance minister and deputy prime minister between 2009 and 2018. A key role for him now could mark a departure from years of sticking to low interest rates despite high inflation, and heavy state control of markets.

Turkey’s longest-serving leader also faces considerable diplomatic challenges amid tensions with the West.

NATO allies are anxiously waiting for Ankara to greenlight Sweden’s attempt to join the United States-led defence alliance, before a summit in July.

Erdogan has been dragging his feet in approving the application, accusing Stockholm of sheltering “terrorists” of the outlawed Kurdistan Workers’ Party (PKK) which is listed as a terror group by Ankara and its Western allies.

NATO chief Jens Stoltenberg will attend Erdogan’s inauguration at the weekend and hold talks with him, the alliance said on Friday.

Sweden’s Foreign Minister Tobias Billstrom said on Twitter that “a clear message” emerged at a NATO meeting in Oslo for Turkey and Hungary to start the ratification process.

His Turkish counterpart Mevlut Cavusoglu responded: “A crystal clear message to our Swedish Friends! Fulfill your commitments arising from Trilateral Memorandum & take concrete steps in the fight against terrorism.”

See all the latest news from Greece and the world at Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!

Related Posts