Joan Tapia (Barcelona) | The PSOE-Podemos Coalition Government has not failed to confront its two main challenges: economic policy and Catalonia. However, now comes the most important issue: to approve the national budget for 2020 for which it needs a vote in favour of ERC. This time the abstention of ERC is not enough, as in the case of the investiture, which was achieved in exchange for the establishment of a dialogue between the governments of Madrid and Barcelona.
Mexicans go to the polls on 1 July. Some 3,400 elected positions are at stake (including the President, deputies senators, and gubernatorial elections), potentially reshaping the country’s political landscape. AXA IM analysts expect that Andrès Manuel Lopez Obrador, also known as AMLO, will be victorious and become the next President and that his coalition Called MORENA) will obtain a small majority in both chambers of the Congress.
The two parties that are about to form the next Italian government are driven by a profoundly anti-democratic culture. Their claim to so-called direct democracy exercised via the web on a platform owned by a private company is not just a staple of populism, but an attempt to fuel general discourse against any party in the name of the people.
The alliance between two parties with extreme ideologies which are poles apart has created an unorthodox programme for government in Italy, which could heighten financial instability in the EMU.
Italy’s new coalition government seems to be paving the way for the country to abandon the common currency. Fortunately there are still many voices to be heard: European partners who are not willing to see their 4th biggest member leave, EU treaties, financial markets and Italy’s president.
One of the strategic points in the agreement of GroKo III is fiscal policy. After three years in «austerity mode» it now seems to be changing direction. CaixaBank’s economists analyse this in more detail.
Intermoney | Four months after the elections, Angela Merkel and Martin Schulz sealed a deal on Wednesday to remould the “grand coalition”; the end of the political uncertainty in Germany will translate into greater stability for the Eurozone economy.
By Guntram Wolff | Jamaica has failed: the negotiations to form a new government in Germany were ended by the liberals. The breakdown was certainly a shock to the Berlin political establishment. It is quite unusual for Germany to take such a long time to negotiate the formation of a new government.
Merkel is negotiating a coalition government with the Greens and the Liberals – who propose opening the country up to the 4.0 world and creating a digitalisation ministry. Meanwhile, the chancellor warns that the idea of the homeland cannot be left to the increasing number of xenophobics in the country.
The elections in Germany are just 3 days away now and all the coalition possibilities are still on the cards. That said, the most likely seem to be Angela Merkel’s CDU&SPD, like now, and CDU&FDF&Greens.