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Bond-Market Whisperer Seen Silenced in Turkey Cabinet Shake-Up

  • AK Party names candidate for premier as Simsek’s job in doubt
  • 13 years of pro-market policies under threat in new government
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Four elections, multiple terror attacks, a new central bank governor and the ousting of a prime minister: Turkey and its investors have been through a lot together in the past two years.

Despite the chaos, they found reassurance in Deputy Prime Minister Ali Babacan and his successor Mehmet Simsek, who ran economic policy with a pragmatism that defied the political convulsions around them. That may come to an end if Simsek doesn’t survive a cabinet reshuffle after the party that President Recep Tayyip Erdogan co-founded votes in a new prime minister on Sunday.