Skip to main content

Shakeup of economy team stuns Turkey, cheers investors

Presidential son-in-law Berat Albayrak has quit as finance minister amid economic turmoil, but most news outlets pretended it didn’t happen.

Turkish Treasury and Finance Minister Berat Albayrak addresses a press conference to announce his new economic policy and reforms in Istanbul on April 10, 2019. (Photo by OZAN KOSE / AFP)        (Photo credit should read OZAN KOSE/AFP via Getty Images)
Turkish Treasury and Finance Minister Berat Albayrak addresses a press conference to announce his new economic policy and reforms in Istanbul on April 10, 2019. — OZAN KOSE/AFP via Getty Images

ISTANBUL — If a Turkish minister resigns on Instagram and the news doesn’t report it, did it happen?

That was the riddle confronting Turkey a day after Berat Albayrak, the 42-year-old finance minister who is married to President Recep Tayyip Erdogan’s daughter, said in a letter posted on the photo-sharing platform that he quit due to unspecified health issues and a desire to spend more time with his parents, as well as his wife and children.

Related Topics

Subscribe for unlimited access

All news, events, memos, reports, and analysis, and access all 10 of our newsletters. Learn more

$14 monthly or $100 annually ($8.33/month)
OR

Continue reading this article for free

All news, events, memos, reports, and analysis, and access all 10 of our newsletters. Learn more.

By signing up, you agree to Al-Monitor’s Terms and Conditions and Privacy Policy. Already have an account? Log in