Passa ai contenuti principali

Italian Socialist Elected President Of Europe's Parliament | Zero Hedge

Italian Socialist Elected President Of Europe's Parliament | Zero Hedge

Italian Socialist Elected President Of Europe's Parliament

A vote in the European Parliament, which began its new five-year term on Tuesday, has elevated the Italian socialist politician David Sassoli to the position of president of the EU Parliament, Reuters reports.

Of course, the anointing of a socialist to lead the European Union's biggest body of lawmakers won't exactly assuage the concerns of everybody who has worried that the EU Is beginning to too closely resemble another nominally Democratic 'union' of supposedly independent republics.

David

David Sassoli

Sassoli will succeed another Italian, conservative politician Antonio Tajani, who had served as speaker since 2017. Sassoli is a 63-year-old politician from Florence, who previously worked as a journalist before entering politics. He has been a lawmaker in the European Parliament for a decade.

Sassoli's election follows the nomination of Christine Lagarde as the new head of the ECB, Ursula von der Leyen as president of the European Commission, Charles Michel as president of the European Council and Joseph Borrell - a Spanish socialist - as high representative for the union of foreign affairs and security policy.

As parliamentary president, Sassoli's is the first of the EU's top jobs to be formally filled (Lagarde and the rest have all been nominated, but they must now be confirmed by the parliament). He will hold the job for half of the parliament's five-year term, meaning the socialists and center-left will likely control the bloc for the first half of its term. In the second half, control will pass to the center-right.

According to the Financial Times, Sassoli beat rival candidates from the Greens, far-left and Eurosceptic right. The vote took two rounds after Sassoli failed to win a majority by seven votes in the first ballot.

Jan Zahradil, a Czech candidate from the Eurosceptic ECR, came in second, but Sassoli's victory ensured that no candidates from Eastern Europe, a hotbed for populists and eurosceptics, will hold any of the bloc's top jobs.

The Italian beat out Sergei Stanishev, a former Bulgarian prime minister, as the center-left's nominee, despite the bloc's stated wish for more 'diversity' - geographic, gender and otherwise - among its top representatives.



Fabrizio 

Commenti

Post popolari in questo blog

Fwd: The Looming Bank Collapse The U.S. financial system could be on the cusp of calamity. This time, we might not be able to save it.

After months  of living with the coronavirus pandemic, American citizens are well aware of the toll it has taken on the economy: broken supply chains, record unemployment, failing small businesses. All of these factors are serious and could mire the United States in a deep, prolonged recession. But there's another threat to the economy, too. It lurks on the balance sheets of the big banks, and it could be cataclysmic. Imagine if, in addition to all the uncertainty surrounding the pandemic, you woke up one morning to find that the financial sector had collapsed. You may think that such a crisis is unlikely, with memories of the 2008 crash still so fresh. But banks learned few lessons from that calamity, and new laws intended to keep them from taking on too much risk have failed to do so. As a result, we could be on the precipice of another crash, one different from 2008 less in kind than in degree. This one could be worse. John Lawrence: Inside the 2008 financial crash The financial...

Charting the World Economy: The U.S. Jobs Market Is On Fire - Bloomberg

Charting the World Economy: The U.S. Jobs Market Is On Fire - Bloomberg https://www.bloomberg.com/news/articles/2019-12-06/charting-the-world-economy-the-u-s-jobs-market-is-on-fire Charting the World Economy: The U.S. Jobs Market Is On Fire Zoe Schneeweiss Explore what's moving the global economy in the new season of the Stephanomics podcast. Subscribe via  Apple Podcast , Spotify or  Pocket Cast . The last U.S. payrolls report of the decade was a doozy, beating expectations and doing its bit to keep the consumer in good health heading into 2020. That's good news given the various pressures still weighing on global growth. Here's some of the charts that appeared on Bloomberg this week, offering a pictorial insight into the latest developments in the global economy. U.S. Advertisement Scroll to continue with content ...

The repo market is ‘broken’ and Fed injections are not a lasting solution, market pros warn

By Joy Wiltermuth Published: Dec 7, 2019 9:35 a.m. ET Banks prefer to keep money at Fed instead of lending to other banks Getty Images Examining $100 bills. Getty Images By Joy Wiltermuth Markets reporter The Federal Reserve's ongoing efforts to shore up the short-term "repo" lending markets have begun to rattle some market experts. The New York Federal Reserve has spent hundreds of billions of dollars to keep credit flowing through short term money markets since mid-September when a shortage of liquidity caused a spike in overnight borrowing rates. But as the Fed's interventions have entered a third month, concerns about the market's dependence on its daily doses of liquidity have grown. "The big picture answer is that the repo market is broken," said James Bianco, founder of Bianco R...