MNI BRIEF: China Equip't Renewal Policy Includes Foreign Firms

MNI China Daily Summary: Wednesday, July 17

MNI China Press Digest July 17:  Investment, LPR, H2 Priority

MNI: PBOC Net Injects CNY268 Bln Via OMO Wed; Rates Unchanged

CHINA PBOC CONDUCTS CNY270 BILLION VIA 7-DAY REVERSE REPOS WED

MNI: PBOC Sets Yuan Parity Lower At 7.1318 Wed; -1.32% Y/Y

Foreigners Buy CAD20.9B of Canada Securities In May Led By Debt

MNI: US JUN HOUSING STARTS 1.353M; PERMITS 1.446M

MNI: FOREIGN HOLDINGS OF CANADA SECURITIES +20.9B CAD IN MAY

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Key NFP Member Lambasts Other Alliance Parties Over PM Nomination Battle

FRANCE
Credit BulletsHomepagemarkets-real-timeCreditPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange BulletsPolitical Market News

Marine Tondelier, leader of the left-wing environmentalist Les Écologistes (The Ecologists, LE), has this morning strongly criticised fellow parties within the leftist New Popular Front (NFP) alliance amid an inability to agree on a candidate to put forward for prime minister.

  • With more than two weeks passing since the second round of the legislative election that delivered a plurality of seats in the National Assembly for the NFP, internal divisions among the broad group have meant that no single individual has managed to gain the backing of all major parties.
  • Tondelier said she was "disgusted" and that "there is no longer a negotiating table" in the NFP to reach a compromise candidate due to a "leadership war" between the two largest parties in the NFP; the left-wing La France Insoumise (France Unbowed, LFI) and the centre-left Socialist Party (PS).
  • Macron is not obliged by the constitution to appoint a PM from the largest grouping in the National Assembly, but it would be politically difficult for him to deny the NFP the first opportunity to form a gov't if it can agree on a candidate.
  • The Assembly convenes for the first time since the election on Thursday 18 July. It is at this point that political groups will be formalised. Given the internal divisions, there is the prospect of deputies shifting their allegiances from the parties they were initially elected for (five have already left LFI to form L'Apres).
237 words

To read the full story

Close

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.

Marine Tondelier, leader of the left-wing environmentalist Les Écologistes (The Ecologists, LE), has this morning strongly criticised fellow parties within the leftist New Popular Front (NFP) alliance amid an inability to agree on a candidate to put forward for prime minister.

  • With more than two weeks passing since the second round of the legislative election that delivered a plurality of seats in the National Assembly for the NFP, internal divisions among the broad group have meant that no single individual has managed to gain the backing of all major parties.
  • Tondelier said she was "disgusted" and that "there is no longer a negotiating table" in the NFP to reach a compromise candidate due to a "leadership war" between the two largest parties in the NFP; the left-wing La France Insoumise (France Unbowed, LFI) and the centre-left Socialist Party (PS).
  • Macron is not obliged by the constitution to appoint a PM from the largest grouping in the National Assembly, but it would be politically difficult for him to deny the NFP the first opportunity to form a gov't if it can agree on a candidate.
  • The Assembly convenes for the first time since the election on Thursday 18 July. It is at this point that political groups will be formalised. Given the internal divisions, there is the prospect of deputies shifting their allegiances from the parties they were initially elected for (five have already left LFI to form L'Apres).