Free Trial
JGB TECHS

(M2) Correction Extends

US STOCKS

Late Session Rebound

AUSSIE 10-YEAR TECHS

(M2) Corrective Cycle Remains In Play

AUSSIE 3-YEAR TECHS

(M2) Gains Still Considered Corrective

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
GERMANY

Joint leader of Germany's right-wing populist Alternative for Germany (Alternative für Deutschland, AfD) Joerg Meuthen MEP, has announced his resignation as co-chief as well as from the party as a whole, decrying the party's rightward tilt.

  • Meuthen, a professor of political economy and finance, has served as a leader of the AfD since July 2015 and as an AfD MEP since 2017. He was viewed as a 'moderate' within the party, with critics calling him a 'fig leaf' to hide the party's more extremist elements.
  • Speaking to German public broadcasters, Meuthen stated that “The heart of the party today beats very far to the right, and at an elevated rate...I do see quite totalitarian echoes here.”
  • Meuthen's resignation comes on the back of a relatively poor result for the party in the 2021 federal election. The AfD won 83 seats, a loss of 11. This saw the party drop from being the third to the fifth-largest in the Bundestag.
  • Yesterday, the JURI committee of the European Parliament recommended Meuthen's parliamentary immunity be lifted as a party donation investigation involving Meuthen continues in Germany.
  • Meuthen's resignation leaves leader of the AfD in the Bundestag, hardline right-winger Tino Chrupalla, as the most senior figure in the party. Chrupalla, a Bundestag member from Gorlitz in the AfD heartlands in the far-east of Saxony bordering Poland and Czechia.
MNI London Bureau | +44 203-865-0981 | tom.lake@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.