Word: ozal
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Dates: during 1980-1980
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Within 24 hours of his own appointment by the junta, the new Prime Minister, Bülent Ulusu, 57, a retired admiral, presented a "nonpolitical," 27-member cabinet that gave the seven key ministries to retired army officers. However, Economist Turgut Ozal, author of an austerity program that deposed Prime Minister Süleyman Demirel had pushed through parliament earlier this year, was named Deputy Prime Minister. It was a clear sign that the military intends to give the ailing Turkish economy top priority...
...hopeful sign, on the other hand, was that the regime's tight new controls seemed to be winning the confidence of Turkey's Western financial backers. Two U.S. loans totaling $145 million that had been negotiated by the Demirel government went ahead on schedule; Deputy Prime Minister Ozal flew to Washington to sign the notes...