MNI: PBOC Net Drains CNY248 Bln Via OMO Weds; Rates Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1312 WEDS VS 7.1291

MNI BRIEF: 'Noise' Driving Economic Deterioration- Campos Neto

MNI China Daily Summary: Tuesday, July 2

MNI BRIEF: China Aims For AI Standards By 2026

MNI: AUSTRALIA MAY RETAIL SALES +0.6% M/M

EZ/UK T-Bill Calendar: Greece, EU Auction on Wednesday

EZ/UK Bond Supply Calendar: 2.60% Aug-34 Bund Due Wednesday

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

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

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

Rutte Confirmed As Next Secretary General

NATO
Homepagemarkets-real-timePolitical RiskEmerging Market NewsPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange BulletsPolitical Market News

In a widely-anticipated move, NATO ambassadors have unanimously confirmed that outgoing Dutch PM Mark Rutte will become the next secretary general of the alliance once the term of incumbent Jens Stoltenberg comes to an end on 1 October. The final obstacles to Rutte's appointment were removed last week, when Hungary confirmed its support (in exchange for Rutte maintaining Hungary's 'opt out' on providing military or financial support to Ukraine) and when Romanian President Klaus Iohannis withdrew his candidacy.

  • Rutte has served as Dutch PM since 2010, and is seen as a 'safe pair of hands'. During much of his time as PM on the international stage Rutte acted as a key interlocutor within the EU, abilities are seen to put him in good standing for the inevitable divisions over how to support Ukraine in its fight against Russian invasion.
  • Rutte still sits as head of the Netherlands' demissionary cabinet, but the right-wing coalition gov't of Dick Schoof is likely to come to power ahead of the October deadline.
  • Conservative outlet The Spectator highlights some of the major challenges facing Rutte as he takes office: "As secretary general, Rutte will need to make sure defence spending continues to rise; maintain military assistance to Ukraine; manage Kyiv’s potential accession and the reforms necessary to allow that to happen; soothe eastern European member states who feel exposed and marginalised; deal with the ongoing membership aspirations of Georgia and Bosnia and Herzegovina; and, perhaps, handle a second presidency for the profoundly Nato-sceptical Donald Trump."
250 words

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.

In a widely-anticipated move, NATO ambassadors have unanimously confirmed that outgoing Dutch PM Mark Rutte will become the next secretary general of the alliance once the term of incumbent Jens Stoltenberg comes to an end on 1 October. The final obstacles to Rutte's appointment were removed last week, when Hungary confirmed its support (in exchange for Rutte maintaining Hungary's 'opt out' on providing military or financial support to Ukraine) and when Romanian President Klaus Iohannis withdrew his candidacy.

  • Rutte has served as Dutch PM since 2010, and is seen as a 'safe pair of hands'. During much of his time as PM on the international stage Rutte acted as a key interlocutor within the EU, abilities are seen to put him in good standing for the inevitable divisions over how to support Ukraine in its fight against Russian invasion.
  • Rutte still sits as head of the Netherlands' demissionary cabinet, but the right-wing coalition gov't of Dick Schoof is likely to come to power ahead of the October deadline.
  • Conservative outlet The Spectator highlights some of the major challenges facing Rutte as he takes office: "As secretary general, Rutte will need to make sure defence spending continues to rise; maintain military assistance to Ukraine; manage Kyiv’s potential accession and the reforms necessary to allow that to happen; soothe eastern European member states who feel exposed and marginalised; deal with the ongoing membership aspirations of Georgia and Bosnia and Herzegovina; and, perhaps, handle a second presidency for the profoundly Nato-sceptical Donald Trump."