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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.
NETHERLANDS
Senator Gom van Strien has resigned as parliamentary 'scout', the individual tasked with making initial inquiries with party leaders about the potential formation of a coalition gov't following elections. Media reportsover the weekend found that van Strien, finance spox for the PVV in the Senate, was linked to a fraud at his former employer Utrecht Holdings.
- Van Strien, from the right-wing Party for Freedom (PVV) released a statementsaying that “This weekend, articles appeared in the media about work in my past, questioning my integrity. In my view, both the unrest that has arisen about this and the preparation of a response to it are not related to my current work as a scout. That is why I, [...] have announced that I will resign from my duties as a scout with immediate effect."
- Van Strien's resignation is an inauspicious start for the coalition formation process. The talks are likely to drag into weeks and probably months. The scout, who was due to begin his work today, was set to meet with leaders of four large parties to take initial soundings on whether they would be able to form a gov't.
- At present the momentum appears to be a three-party minority gov't involving the PVV, the centrist New Social Contract (NSC) and the agrarian Farmer-Citizen Movement (BBB) propped up on a confidence and supply agreement with the centre-right People's Party for Freedom and Democracy (VVD).
Chart 1. Netherlands General Election Result, Seats
Source: nos.nl. 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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