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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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Free AccessFAZ-EU Leaders Positions Agreed, VdL Set For Second Commission Term
Germany's Frankfurter Allgemeine Zeitung (FAZ) reportingthat, prior to the 27-28 European Council summit in Brussels, there is agreement among the three moderate political groupings on those who will be put forward for the top EU jobs.
- Incumbent Commission President Ursula von der Leyen - from the centre-right European People's Party (EPP) - will be nominated for a second term in office. Former Portuguese PM Antonio Costa - centre-left Socialists and Democrats (S&D) - for the Council presidency. Estonian PM Kaja Kallas - centrist Renew Europe (RE) - for the foreign affairs brief.
- On 24 June, MNI's Policy team reported that "Italian Prime Minister Giorgia Meloni has agreed to support Ursula von der Leyen’s bid for a second term as European Commission president in return for a high-ranking job for Italy in the new Commission, a source close to the Italian government told MNI." (see: 'MNI: Meloni To Back Von Der Leyen In EU Commission Deal-Source').
- FAZ reports that VdL will meet with Meloni in her capacity as Italian PM, not head of the Brothers of Italy party and leader of the conservative European Conservative and Reformist (ECR) group. EPP cooperation with the ECR is seen by S&D and RE as a political no-go.
- The EUCO needs to adopt the package of leaders with a qualified majority (leaders from at least 55% of EU countries representing 65% of the EU population). VdL will then face a vote in the European Parliament the week beginning 15 July.
To read the full story
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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.