Turkish economy to return to 'rational ground', new finance minister says

📆 4/06/2023 10:10 PM
📰 Reuters

⏱ Reading Time:
36 sec. here
2 min. at publisher
📊 Quality Score:
News: 18%
Publisher: 97%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Turkey's newly appointed Finance Minister Mehmet Simsek said on Sunday that the country has no choice but to return to 'rational ground' to ensure predictability in the economy.

New Treasury and Finance Minister Mehmet Simsek stands during a press conference where Turkish President Tayyip Erdogan announced the new cabinet, in Ankara, Turkey June 3, 2023. REUTERS/Umit Bektas

ANKARA, June 4 - Turkey's newly appointed Finance Minister Mehmet Simsek said on Sunday that the country has no choice but to return to "rational ground" to ensure predictability in the economy.Simsek to his cabinet on Saturday to tackle Turkey's cost-of-living crisis and other strains, in a clear sign that his newly elected government would return to more orthodox economic policies.

In a handover ceremony, Simsek said the main goal of the new government will be to increase social welfare. "Transparency, consistency, predictability and compliance with international norms will be our basic principles in achieving this goal," Simsek said.Our Standards:

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Losses from crypto rug pulls outpaced DeFi exploits in May: Finance RedefinedTen attacks on DeFi protocols netted $19.7 million in May — an almost 80% decrease from April — with losses from these exploits declining for two consecutive months.
Source: Cointelegraph - 🏆 562. / 51 Read more »