Handelsblatt briefing

13/6/17 | 0 σχόλια | 0 απαντήσεις | 75 εμφανίσεις
On closer inspection, French President Emmanuel Macron’s victory could become a revolution. The young innovator with his new centrist party, République en Marche, seems sure to attain an absolute majority in parliament after the second round of France’s elections. Marine Le Pen’s Front National party probably won’t even win enough seats to form a parliamentary group. The map of the election results looks like a banner for freedom.
One notable aspect of this revolution: A large number of the 400 delegates of République en Marche who are expected to win seats in the National Assembly have never held a parliamentary seat or a political office. This represents a radical new beginning, unlike any other in recent memory in the West. It is also a clear warning to members of the German Bundestag, half of whom are only around because some party functionary put them on a list and not because voters chose them. France’s lesson to them: change or die. The German electoral system may hinder democratic upheaval but can’t prevent it. In Britain, the establishment candidate Theresa May continues to fight for her political survival. The Queen’s Speech, scheduled for Monday, will be delayed “by a few days.” The speech, in which Queen Elizabeth II traditionally lays out a policy agenda in the House of Lords, cannot take place yet because neither a government nor an agenda is in place. The unmistakably gruesome scenes in London are reminiscent of Dracula. May is a dead woman walking. The blood feeding her political existence is no longer her own.

Donald Trump is not making any progress with his proposed US travel ban for citizens of six Muslim-majority countries. Another court, this time the Court of Appeal in San Francisco, has declared the presidential decree unlawful. Trump’s political authority is shrinking to the size of a golf ball. The man does not even require elaborate impeachment proceedings. Here, as ever, he remains a self-made man. A tragic end for Karl-Thomas Neumann at carmaker Opel. Yesterday, after it became known that the CEO was planning to resign on June 22, the board of directors held an extraordinary meeting. Following that, Neumann stepped down immediately. In March, General Motors agreed to sell Opel to PSA Peugeot Citroen. So within a short time, Opel has lost both its mother in the US and its best man in Germany. READ MORE

People used to emigrate from Germany, now they immigrate to it. If you wanted to build a Statue of Liberty in 2017, it would probably look like Angela Merkel. That is what the lead authors of Handelsblatt Global Magazine, just published, think anyhow.
The cover story of our Chinese edition, making its premiere today, is also dedicated to free movement, but more specifically the free movement of goods and services, which no longer seems self-evident in this era of Trump. For a taster, especially for all China experts out there, I am giving away 100 free copies: steingart@morningbriefing.de.

Wishing you a good-humored start to the day. Yours sincerely,

Gabor Steingart
Handelsblatt Global
Publisher

Category: International

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