MNI BRIEF: Aussie Labour Market Tightens, Unemployment At 3.9%

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

GERMANY: Scholz Set To Submit Confidence Motion Request To Bundestag

GERMANY
Homepagemarkets-real-timePolitical RiskPolitical Risk BulletCEEMEAEurozoneGermanyBulletMarketsFixed Income BulletsForeign Exchange Bullets

Chancellor Olaf Scholz is today (11 Dec) set to submit a request to the Bundestag to hold a confidence vote in his minority gov't on Monday 16 December. Under Germany's 'Basic Law', only the gov't can request a straight up-and-down confidence vote. The opposition is limited to 'constructive' confidence votes where an alternative chancellor is required to gain majority support to oust the incumbent. 

  • Given the minority status of the gov't, the confidence motion will fail (i.e. the Bundestag will not express confidence in the gov't), allowing Scholz to recommend to President Frank-Walter Steinmeier the dissolution of parliament and the calling of an early general election on 23 Feb 2025.
  • The identities of parties involved in a new federal coalition post-election remains uncertain, except with the all-but-assured presence of the centre-right Christian Democratic Union (CDU). A coalition between the CDU and the environmentalist Greens was previously talked down by CDU chancellor candidate Friedrich Merz, with particularly strong opposition from the CDU's Bavarian sister party, the Christian Social Union (CSU). However, CDU former Minister for Economic Affairs and Energy Peter Altmaier has said that ‘The four democratic parties [CDU, Greens, Social Democrats, Free Democrats] are well advised among themselves not to rule out anything at all, not even black-green,’
  • The pro-business liberal Free Democrats (FDP) continue to poll just below the 5% nationwide threshold to win seats. Its efforts could be further undermined by the 'D-Day documents' outlining the party's plans to collapse the 'traffic light' coalition and turn the FDP's political fire against their erstwhile partners. 
254 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.

Chancellor Olaf Scholz is today (11 Dec) set to submit a request to the Bundestag to hold a confidence vote in his minority gov't on Monday 16 December. Under Germany's 'Basic Law', only the gov't can request a straight up-and-down confidence vote. The opposition is limited to 'constructive' confidence votes where an alternative chancellor is required to gain majority support to oust the incumbent. 

  • Given the minority status of the gov't, the confidence motion will fail (i.e. the Bundestag will not express confidence in the gov't), allowing Scholz to recommend to President Frank-Walter Steinmeier the dissolution of parliament and the calling of an early general election on 23 Feb 2025.
  • The identities of parties involved in a new federal coalition post-election remains uncertain, except with the all-but-assured presence of the centre-right Christian Democratic Union (CDU). A coalition between the CDU and the environmentalist Greens was previously talked down by CDU chancellor candidate Friedrich Merz, with particularly strong opposition from the CDU's Bavarian sister party, the Christian Social Union (CSU). However, CDU former Minister for Economic Affairs and Energy Peter Altmaier has said that ‘The four democratic parties [CDU, Greens, Social Democrats, Free Democrats] are well advised among themselves not to rule out anything at all, not even black-green,’
  • The pro-business liberal Free Democrats (FDP) continue to poll just below the 5% nationwide threshold to win seats. Its efforts could be further undermined by the 'D-Day documents' outlining the party's plans to collapse the 'traffic light' coalition and turn the FDP's political fire against their erstwhile partners.