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Free AccessPresident-Designate Ursula von der....>
EU COMMISSION: President-Designate Ursula von der Leyen has delivered her
opening statement in the European Parliament (EP) plenary session in which MEPs
will vote on VDL's 'College of Commissioners'.
- Already a minor blow for the prospective Commission, with the co-leader of the
Greens group Ska Keller stating her group will abstain in the vote for the
incoming Commission.
- Abstention could cause issues going forward, with Greens a growing force in
German politics and a large bloc in the Green EP group. Abstention on VDL plays
into image of Greens as activists, not serious about governing.
- Extreme left and right groups - the European United Left-Nordic Green Left,
and Identity and Democracy - are likely to vote against the Commission.
- Even with votes against and abstentions, the VDL Commission is set to be
approved given that it has support from the centre-right European People's
Party, centre-left Socialists and Democrats, and centrist Renew Europe groups,
which combined hold a majority in EP.
- Commission set to take office on 1 Dec.
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.