MNI China Daily Summary: Thursday, April 22

MNI BRIEF: China To Quicken Resolving Local Debt Risks

RPT-MNI INTERVIEW: ECB's Wunsch Sees At Least Two Cuts By Dec

MNI: PBOC Conducts CNY2 Bln Via OMO Mon; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

MNI: PBOC Sets Yuan Parity Lower At 7.1043 Mon; -4.74% Y/Y

NBH Data Watch

INDON Sov Curve Flatter, Trade Surplus Soars, BI Decision Wednesday

MNI: BAKER HUGHES US RIG COUNT 619; OIL RIGS 511; GAS RIGS 106

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

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Right-Wing Leaders Look To Establish New Bloc: 444.hu

EUROPEAN PARLIAMENT

Hungary's 444.hu reporting that a number of populist right-wing party leaders are looking to establish a new political bloc in the European Parliament. Italy's Matteo Salvini, Poland's Joroslaw Kaczynski, and Hungarian Prime Minister Viktor Orban are the major architects of the new bloc. The bloc is set to include France's Rassemblement National (National Rally) led by presidential candidate Marine Le Pen, the Alternative for Germany (AfD), Spain's VOX, and the Freedom Party of Austria (FPO).

  • The report states that the bloc is set to be announced on Saturday in Warsaw, Poland. Should all MEPs from these six parties join the bloc it would hold 104 seats in the European Parliament, making it the third-largest behind the centre-right European People's Party (EPP) and the centre-left Progressive Alliance of Socialists and Democrats (S&D). There have been some comments suggesting that the group would have 113 MEPs.
  • Forming a larger bloc would entitle its MEPs to greater funding as well as providing them with a greater quantity of committee seats and more committee chairmanships.
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