Eq: Dev ex-US


American investors don’t pay much attention to Holland, and perhaps rightfully so—the country’s affairs seem to have little impact on US life or markets. However, that could change soon as Dutch voters head to the polls today in a vote that could rock the EU. Dutch far-right populist Geert Wilders may win the election on a platform than has included banning the Koran and closing mosques. The vote is seen as the second (following Brexit) in a string of elections that could decide the fate of the EU. France will vote in a couple months and Germany in September.

FINSUM: If Wilders wins there will be a populist in power in a major European country which is at the heart of the EU. If France follows the whole project could crumble.

Source: Financial Times


British PM Theresa May’s Brexit bill has cleared all its Parliamentary hurdles, paving the way for the PM to formally trigger Brexit any day. This article says she is planning to do so in the last week of March. However, the event is being overshadowed by Scottish leader Nicola Sturgeon’s call for permission for a second referendum before the UK actually leaves the EU. May, however, wants the vote to take place after March 2019, when Britain actually leaves the bloc.

FINSUM: Scotland and England are at loggerheads. Why would Scotland want to wait to get force-fed the terms of London’s exit when it could vote prior to the actual departure? This will be messy.

Source: Financial Times


Scotland and the UK have been at odds for centuries, embedded in a tenuous alliance for the last three hundred years. Two years ago, Scottish nationalists failed by a narrow margin to leave the UK, but now the leader of that party is trying to secure a second Scottish referendum following the UK’s vote to leave the EU. The leader of the SNP, Nicola Sturgeon, wants a vote once the details of the Brexit negotiations are decided but before the UK actually leaves the EU. “What Scotland deserves is the chance to decide our future in a fair, free and democratic way and a time when we are equipped with the facts we need”, says Sturgeon.

FINSUM: Technically the government in London would need to approve this referendum, but we expect Scotland will end up undertaking a vote either way.

Source: Wall Street Journal

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