EU Crisis Becoming Existential… Dutch Vote Tomorrow and Why It Matters
The leader of the National Front in France, Marine Le Pen, has hailed Britain’s decision to leave the EU – and has called for France to hold a similar referendum
European stocks declined for first session in five ahead of Wednesday's Dutch elections, debt ceiling expiration and the conclusion of the Fed's 2-day meeting where it is expected to raise rates by 25 bps. Tightening concerns emerged, also dragging down Asian shares and S&P futures, while the dollar continued its rise for a second day. Crude oil has ended its six-day drop. The pound tumbled 0.8% to the lowest since mid-January in a delayed reaction after Theresa May won permission to trigger the country’s departure from the EU.
European bourses advance and Asian share rose led by a surge in Hong Kong stocks which rose the most in three months as Japan hit 15 month highs. U.S. futures are little changed along while the dollar rebounded from session lows after Friday's selloff. Crude oil has continued its retreat, down 0.2% and sliding for a 6th straight day after breifly dropping below $48 in overnight trading.
One week after Turkey president, and wannabe tyrant, Tayyip Erdogan launched a new diplomatic scandal when he accused Germany of "fascist actions" reminiscent of "Nazi practices" after various rallies organized by Turkish minister in Germany were cancelled ahead of an April referendum on granting Erdogan sweeping new presidential powers, he doubled down on Saturday after the Netherlands barred Turkey's Foreign Minister from flying to Rotterdam, to which Erdogan responded by calling the Dutch "fascists" and his NATO partner a Nazi remnant" as the scandal over Ankara campaigning among emigre
Via Dmitriy Sedov of The Strategic Culture Foundation,
The things European politicians have had to listen to from Recep Tayyip Erdo?an! Over the 14 years of his administration, this charismatic Turkish leader has managed to tally up a long list of the sins committed by the European Union and has often promised to make the EU pay a price for each of them.