++ France is an accident waiting to happen. The European Commission warned its “debt sustainability analysis indicates high risk over the medium term”. It cannot be governed effectively and it faces severely challenging debt/deficit dynamics. There should be a higher risk premium on French assets ++ If only forming a government in France were as simple …
1. The USHollywood could not have written a more astonishing script for an electoral battle between two well-known pensioners whose combined age is two-thirds that of the United States of America itself. With all the impeachments, porn stars, felonies, dementia, constitutional chicanery and now assassination attempts, the public has almost certainly decided who the victor …
1. The UK With UK headline inflation due to head back to the Bank of England’s target for the first time in three years on Wednesday, Rishi Sunak would have been hoping for a vote of thanks from the Great British Public. Instead, postal votes will be landing on people’s doorsteps just as Sunak’s net approval …
1. The UK Election ++ See our separate note “UK Summer Election – Part 3” for full details ++ 2. European Parliament Elections “The future of the sovereigntist camp in Europe, and of the Right in general, now rests in the hands of two women”, said Hungary’s Viktor Orban about the potential shift in power …
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