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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.
SPAIN
Prime Minister Pedro Sanchez has officially been re-elected following a successful investiture vote in the Congress of Deputies. Sanchez' won an overall majority with 179 votes in favour in the 350-member chamber, compared to 171 votes against. As we have noted in recentbullets, while Sanchez's re-election could offer some short-term stability in that the gov't is no longer sitting in a caretaker capacity, its very narrow majority and the wide spread of ideologies represented by the parties backing Sanchez could lead to difficulty in policy making.
- Moreover, the opposition continues to protest vocally against the amnesty deal reached between Sanchez and pro-Catalan independence parties that sees those involved in the illegal 2017 independence referendum given amnesty in exchange for pro-independence parties backing Sanchez. Opponents argue the deal goes against Spain's legal institutions and frameworks.
Chart 1. Investiture Vote for PM Pedro Sanchez in Congress of Deputies, 16 Nov
Source: eldiario.es, 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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