The weekend election in Hamburg ran largely to script (see our report Thuringian tremors 7th February 2020). The SPD-Green coalition,…
Well, that didn’t take long. After last week’s debacle in Thuringia (see our report Thuringian tremors 7 February 2020) CDU leader Annegret Kramp-Karrenbauer (AKK) found her authority fatally undermined and announced that she would soon step down to allow a new leader to be elected in the summer. This leader, she said, should also become the party’s chancellor candidate for the next federal election, scheduled for autumn 2021.
The Irish political paradigm is shattered. Deservedly so. The two political parties whose only difference is what side they fought…
China Looking beyond the media hype, the main point of interest in the Wuhan Coronavirus breakout is the negative reaction…
Following on from our recent reports on the Wuhan Cornonavirus, the following spreadsheet offers a detailed breakdown of infections, spread and fatalities. This will be updated on an ongoing basis.
As we expected, Matteo Salvini was defeated in Sunday’s Emilia-Romagna regional election, providing a much-needed boost to Prime Minister Conte’s fragile government and making a snap general election less likely.
On 26 January, the voters of the region of Emilia-Romagna – a long held bastion of the left - will head to the polls. Such an election would not normally appear on the radar screen of international investors. But this time it has strong significance as a barometer of the popularity of the current centre-left coalition that was formed in the autumn.
Does populism pose a risk to markets in 2019? Yes! but not from the expected quarter. 2019 brought a surprise on the European front. The support for traditional parties has been plummeting for a long time. We call this the European souffle where support for the centre ground continues to cave over time. Populist parties gained 20% or more of the vote in many national elections this year, thought there were signs of their vote stabilising in the most recent polls.
US Impeachment process looks likely to go on for a little longer than expected. Pelosi’s initial hope that things could be wrapped up by Christmas, so the Democrats could start the new year on a clean slate, focused on the Presidential primaries and campaign looks hopeful now. Pelosi has always felt the impeachment process was always driven by the left wingers in the party and never had a credible chance of success. By delaying the process, it prevents the House from pursuing more important business such as delivering on the campaign promises of the mid-terms.
UK Russia dossier a bit of a non-event. Attracted some media attention but sources suggest that the content is largely benign. The main criticisms contained within was that the UK was ill-equipped to deal with this type of interference, largely because they had not expected it. Seems a little surprising that the PM would veto publication given the content. There is nothing that screams conspiracy.
The UK election campaign will be one of two strategies. The Tories will build their case around their Brexit deal while Labour will try and create a narrative around the future for Britain over the next five years (trying to move beyond their promise to renegotiate and offer the deal to the electorate via a second referendum which is likely to be on the manifesto).
Politics briefing – covering the main global political events and associated risks