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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.
SLOVAKIA
Opinion polling ahead of the 30 September legislative election shows the populist Smer-SD of former PM Robert Fico retaining its lead, remaining on course to win a plurality of seats in the National Assembly. Fico's rise will be of some concern in Brussels, given his shift from broadly pro-EU social democrat to an anti-EU populist in the mold of Hungarian PM Viktor Orban. Moreover, Fico's potential coalition partners will also raise worries of the policy direction of the eurozone member after the election.
- The ultranationalist far-right Republic have recorded a sustained increase in support and look set to secure at least fourth place should results reflect polling. While former PM Peter Pellegrini - whose Hlas-SD party could emerge as a kingmaker - has said that he will not work alongside Republic in gov't, there remains the prospect of Smer-SD leading a multi-party coalition involving Republic, which sits as a strongly anti-Brussels, Russophile party.
- Such a gov't could prove more risky to the eurozone than the populist gov'ts of Hungary and Poland, given that both use their own currencies. A eurozone member state with an avowedly anti-EU, pro-Russia policy stance could create difficulties in cohesion and decision making on matters requiring unanimity.
Chart 1. Opinion Polling for General Election, % and 6-Poll Moving Average
Source: Median, Focus, Polis Slovakia, Ipsos, SANEP, AKO, 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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