Summary Center-right PP won the Spanish election. Anti-EU forces were setback. Rajoy needs a coalition partner. The UK has decided to seek a divorce from the EU after a 43-year rocky marriage. It was not an overwhelming decision. Brexit won by 52%-48% margin, seemingly too small for such a momentous decision. The UK has not decided exactly when it will formally begin the divorce proceedings, and it wants to be...
Read More »European Politics Beyond the UK Referendum
Sterling is hovering around seven cents above last week’s lows as many short-term participants better position themselves for the UK to vote to say in the EU, even though many opinion polls show a statistical dead heat. The German Constitutional Court dismissed claims that the ECB’s Outright Market Transactions does not violate the German Constitution. Italy’s run-off for local elections was held over the past...
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