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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.
SWEDEN
Swedish Prime Minister Stefan Lofven has announced that he will hand in his resignation as PM this morning to the Speaker of the Riksdag (Parliament), a move that will allow another individual to seek to form a majority gov't, thereby avoiding a snap general election.
- Lofven's gov't lost a vote of no confidence in parliament last week, with the socialist Left Party - which had propped up the centre-left Social Democrat-Green minority gov't in a confidence and supply agreement - voting with the parties of the right against Lofven in protest at a liberalisation of the rental market in Sweden.
- Two options were available to Lofven following the vote, tendering his resignation or calling a snap vote.
- With Lofven asking the Speaker to seek to steer parties towards forming a new gov't, this reduces the prospect of a general election for now. A reformation previous gov't (see below) would be able to command a majority with C&S support from the socialist Left Party, agrarian Centre Party, and centrist Liberals, if they can all come to an agreement on a new leader.
- If the parties cannot agree on a new leader a caretaker gov't could be appointed, or snap elections called.
Chart 1. Swedish Riksdag, Seats (Lofven Gov't)
Source: Riksdag, 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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