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Turkish Financial Turmoil Eases With Retention of Deputy PM

Turkish financial markets were thrown into turmoil this month when Prime Minister Ahmet Davutoglu announced he was stepping down. Calm was restored with the selection of the new government, but any market euphoria may prove to be short-lived. The reappointment of Mehmet Simsek, a former international banker, as deputy prime minister saw the markets recover most of the loses they incurred after Davutoglu's ouster. Chief economist Inan Demir of the Istanbul-based Finansbank...

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