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Free AccessPM Loses Confidence Vote, Will Have To Resign Or Snap Election Called
Sweden's Prime Minister Stefan Lofven has lost a vote of no confidence in the Riksdag (parliament), meaning he will have to either resign or call a snap general election.
- The motion of no confidence was passed with 181 votes in favour, 109 against, and 51 abstaining.
- Lofven will hold a press conference at 1130CET (0530ET, 1030BST) reacting to the vote and outlining his intentions.
- If he does not call a snap election, Lofven could seek to lead a caretaker gov't until the next parliamentary elections are due to take place in September 2022. This would require negotiation with the Speaker of the Riksdag, centre-right Moderate member Andreas Norlen.
- Opinion polling shows Lofven's centre-left Social Democrats as the most popular party in Sweden, ahead of the Moderates and the right-wing nationalist Sweden Democrats. The polls do not show a major shift in support from the three largest parties in comparison to the previous election in 2018, with the Social Democrats down marginally, while the Moderates and Sweden Democrats have recorded a slight improvement in their support since 2018.
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.