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Turkish deputy PM: Coup 'nightmare' over; arrests not too heavy-handed

Thousands detained in Turkey coup

Turkish Deputy Prime Minister Mehmet Simsek told CNBC on Monday the failed military coup over the weekend was "like a nightmare." But he said it's over, and things in Turkey are returning to normal.

"We are back to some sort of normalcy fairly quickly," Simsek said in a phone interview with "Squawk Box." "Domestic markets [in Turkey] are functioning pretty efficiently."

Since Friday's coup attempt, some 6,000 armed forces and judiciary members have been rounded up as the administration of Turkish President Recep Tayyip Erdogan investigates those responsible for the revolt.

"Six thousand people ... put that on a population adjusted basis, that's a day in the United States where 25,000 judges, prosecutors, and senior military ... [would be] put under arrest. It's unimaginable," said retired Adm. James Stavridis, former NATO supreme allied commander.

Has Turkish President Erdogan gone too far?

Erdogan is "obviously going too far," argued said Stavridis, who is said to be on among Hillary Clinton's list of possible vice presidential running-mates.

Responding to the worries of Stavridis and others, Simsek said the arrests have been proportionate to the act. "Turkey is a rule-of-law country. They have to face the justice. So judiciary will decide what happens next."

Simsek, formerly Turkey's finance minister, said the political and economic fallout should be short-lived.

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