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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
SWEDEN
Magdalena Andersson has been confirmed as Sweden's prime minister for the second time in under a week. This follows a vote in parliament in which less than half of members voted against her taking office, with her centre-left set to attempt to govern as a one-party minority administration.
- Andersson was forced to step down just hours after her first confirmatory vote when the Greens withdrew from gov't over the passage of an opposition budget in the Riksdag (parliament).
- Once again, Andersson relied on a very narrow margin to gain the prime minister's office. Of the 349 Riksdag members, 173 voted against Andersson in a confidence motion. This is two short of the required 175 (50%+1) that would stop Andersson taking office. The 100 Social Democrat MPs and one independent voted in favour of Andersson, while the environmentalist Greens, agrarian Centre Party, and socialist Left Party abstained.
- The Andersson gov't could find policy-making difficult, with fewer than a third of seats being held by the governing party it will be reliant on all abstaining parties' support in order to pass laws.
- Sweden holds its next eleciton on 11 Sep 2022. By a quirk of the Swedish constitution, even if the Andersson gov't falls and a snap election takes place, another election would have to be held in September 2022.
Chart 1. Swedish Riksdag, Seats
Source: Riksdag, MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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