 You hit the wall and there's really no further way to go. I think they decided to return to orthodox policies and give it a go. Erdogan appointed a new finance minister, Mehmet Şimşek, who once worked as an economist for the U.S. embassy in Ankara. And Şimşek has spent the past year trying to turn the proverbial bus around. Turkey's central bank raised interest rates from 8.5 to 50 percent. And Demiralp says Şimşek plans to take on tax reform next.