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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.
CZECHIA
Czech politics remains in a state of flux this morning as senior figures in Prime Minister Andrej Babis' ANO party claim they are ready to enter into a period of opposition. This comes in contrast to Babis' claim made yesterday that hospitalised President Milos Zeman had offered ANO the mandate to form a gov't as the largest party in the Chamber of Deputies.
- This morning in aninterview with Novinky.cz, Babis retracted his claim on the mandate, saying that it can only be offered once the new Chamber of Deputies has convened.
- With Zeman in hospital there are concerns that he will not be able to fulfil his duties as president. In his interview, Babis states that he believes the president is still able to do so, but next week the Senate Constitutional Committee will have a meeting on the matter, with the prospect that the new parliament votes on whether to relieve Zeman of his office.
- In the interview, Babis also states that if his ANO does go into opposition, then he will remain as a politician. When asked whether he would step down from ANO to allow himself to return to his agribusiness empire without a conflict of interest, Babis stated "If the ANO movement is not in the government and is in opposition, it will closely monitor how the five-party coalition fulfills everything its parties promised before the election. If I return to business, I will decide next year."
Chart 1. Czech Chamber of Deputies, Seats
Source: Volby, E15, MNI. N.b. Electoral Alliances shown rather than individual political parties.
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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