MNI BRIEF: China Iron-Ore Imports Up In July

MNI: PBOC Net Drains CNY251.67 Bln via OMO Wednesday

MNI BRIEF: Japan Conducts Forex Interventions Apr 29, May 1

CHINA PBOC SKIPS OPEN MARKET OPERATIONS WED

MNI: PBOC Sets Yuan Parity Higher At 7.1386; +0.63% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1386 WED VS 7.1318

MNI: GERMANY JUN IND PROD +1.4% M/M

MNI: GERMANY JUN IND PROD +1.4% M/M

MNI: GERMANY JUN EXPORTS -3.4% M/M; IMPORTS +0.3% M/M

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

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

MEPs Approve Resolution Re: Concerns On Hungary Presidency

EUROPEAN PARLIAMENT

A non-binding resolution has been passed in the European Parliament raising concerns about the ability of Hungary to effectively hold the rotating presidency of the Council of the European Union in H224. The resolution was widely expected to passgiven the large number of political groups giving their backing. In the event, 442 MEPs voted in favour, 144 against and 33 abstained.

  • Hidvéghi Balázs, an MEP from Hungarian PM Viktor Orban's right-wing populist Fidesz Party tweeted: "The European Parliament has become a captive of leftist MEPs, who maniacally attack Hungary. They fail to see that true corruption and rule of law issues are to be found in Brussels and not in Member States."
  • The passage of the resolution does not strip Hungary of the presidency (something that legal experts are not sure whether MEPs have the power to do) but does raise the prospect of a 'boycott' of the Hungarian presidency by the parliament due to concerns about rule of law violations in Hungary.
EM BulletHomepagemarkets-real-timePolitical Market NewsPolitical RiskEmerging Market NewsPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
EM BulletHomepagemarkets-real-timePolitical Market NewsPolitical RiskEmerging Market NewsPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.