Erdogan takes on new powers, names son-in-law finance chief

Turkey’s AK party names Yildirim as parliament speaker

Speaking at his sprawling presidential compound in Ankara, Erdogan unveiled the rebranded presidency "on this most important day of our country".

Erdogan called general and presidential elections more than a year earlier than planned, arguing that using the extended presidential powers was necessary to boost economy, ensure security and prevent a spillover of conflicts from neighboring Iraq and Syria.

Mr Buhari welcomed his invitation to the Monday 9th inauguration but regretted his inability to be personally present.

State news agency Anadolu said Erdogan's inauguration celebration was attended by Venezuelan President Nicolas Maduro, Russian Prime Minister Dmitry Medvedev and Sudanese President Omar Hassan al-Bashir, wanted for war crimes by the International Criminal Court.

Erdogan has prevailed in a dozen local, parliamentary and presidential elections. "We are leaving behind the system that has in the past cost our country a heavy price in political and economic chaos".

The new cabinet, due to be announced Monday evening, is expected to have a different look, with pro-government Hurriyet daily columnist Abdulkadir Selvi saying that it was set to "surprise" with figures from outside the ruling Justice and Development Party (AKP).

"INSTITUTIONALISED AUTOCRACY " Marc Pierini, a former European Union ambassador to Turkey and visiting scholar at Carnegie Europe, said Erdogan´s new powers would effectively make him a "super-executive president".

The 64-year-old also has the power to dissolve parliament, issue executive decrees and impose a state of emergency. Under the new system, Erdogan receives more power, with the role of prime minister now abolished.

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Prime Minister Binali Yildirim now goes down in history as the 27th and final holder of the post in Turkey. Erdogan has described the consolidation as a means to eliminate governmental inefficiency, and his base views his consolidation of authority as a deserved outcome for a leader who has instilled Islamic values in public life, according to Reuters.

In other words, Turkey will be an institutionalised autocracy.

No major Western leader featured on a list of 50 presidents, prime ministers and other high-ranking guests. North Atlantic Treaty Organisation member Turkey's relations with its Western allies have been strained by disputes with the United States over military strategy in Syria and by European Union criticism of Ankara's large-scale purges of state institutions, armed forces, police and media following the failed coup.

Erdogan will this week immediately turn to foreign policy, visiting northern Cyprus and Azerbaijan followed by more challenging encounters at a North Atlantic Treaty Organisation summit in Brussels where he will meet his U.S. counterpart Donald Trump and other leaders.

The coup was followed by a crackdown on members of the bureaucracy, judiciary, armed forces, police, media and academia, with more than 130,000 people dismissed from their jobs or arrested.

On Saturday he also said he would tackle high interest rates, inflation and a wide current account deficit.

"When you scrap the five-year term you remove this shield", he said.

A senior adviser to Erdogan later said that governors would still be appointed for a five-year term.

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