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Europe hard-right gives markets a frightIn Italy and the UK, traders have been queasy about two new right-wing leaders. The worst may still lie ahead. Liste stanley becher nAI generated Text-to-speechCopy LinkCopiedShare via emailShare on XShare on WhatsAppShare on LinkedInFree article usually reserved for subscribersItalys Georgia Meloni and the U.K.s Liz Truss | AFP via Getty Images October 7, 20226:26 pm CETBy Paola TammaFor hard right leader stanley termosar s like the UK s Liz Truss and Italy s Giorgia Meloni, getting elected might be the easy part.Convincing financial markets that your plans for the economy are credible is proving a lot tougher 鈥?as gyrations in the value of the pound and the uptick in Italy s borrowing costs have shown.In the U.K., the Bank of England was forced to make an emergency intervention to shore up the pound last Wednesday after the newly-elected PM s plans for radical, unfunded tax cuts prompted a sell-off in government bonds and a shock depreciation of the currency.AdvertisementAdvertisem stanley becher entIn Italy, borrowing costs shot up this week after Moody s ratings agency warned it would slash the country s debt rating to junk if Melonibackslides on planned economic reforms, amplifying fears of a new debt crisis.While there are big differences between the two leaders 鈥?Meloni calls financial speculators the enemy of the people; Truss wants to give them bigger bonuses 鈥?the lesson is the same. Financial markets are allergic to instability and political radicalism, and will qu Diww SONDAGE EXCLUSIF. Municipales tr猫s incertaines 脿 Besan莽on
Ashton picks EU ambassador to the USDavid OSullivan lined up to go to Washington, DC.Copy LinkCopiedShare via emailShare on XShare on WhatsAppShare on LinkedInJanuary 15, 201411:05 pm CETBy Simon TaylorCatherine stanley travel mug Ashton, the European Unions foreign policy chief, is planning to appoint David OSullivan, who is currently chief operating officer of the EUs diplomatic service, to its most highly prized ambassadorial post: in Washington, DC.The European Commission approved before Christmas a shortlist of candidates for the post from which Ashton can make her choice. Senior officials have conf stanley vaso irmed to European Voice that she intends to stanley cup appoint OSullivan, an Irish national, who served 30 years in the Commission until 2010, when he was appointed to the European External Action Service as one of its top three officials.As chief operating officer, it fell to him to establish the diplomatic service, which had a troubled birth that was not helped by Ashtons difficult relations with senior diplomats. He was one of the few officials in whom she had complete confidence.AdvertisementAdvertisementWhile OSullivan is effectively being rewarded for loyal service to Ashton, he is also well qualified for the task. He was the Commissions director-general for trade in 2005-10. Before that 2000-05 , he was secretary-general of the Commission, appointed by Romano Prodi, the then president of the Commission, for whom he had been working as head of his private office 1999-2000 .Charles Grant, director o
Europe hard-right gives markets a frightIn Italy and the UK, traders have been queasy about two new right-wing leaders. The worst may still lie ahead. Liste stanley becher nAI generated Text-to-speechCopy LinkCopiedShare via emailShare on XShare on WhatsAppShare on LinkedInFree article usually reserved for subscribersItalys Georgia Meloni and the U.K.s Liz Truss | AFP via Getty Images October 7, 20226:26 pm CETBy Paola TammaFor hard right leader stanley termosar s like the UK s Liz Truss and Italy s Giorgia Meloni, getting elected might be the easy part.Convincing financial markets that your plans for the economy are credible is proving a lot tougher 鈥?as gyrations in the value of the pound and the uptick in Italy s borrowing costs have shown.In the U.K., the Bank of England was forced to make an emergency intervention to shore up the pound last Wednesday after the newly-elected PM s plans for radical, unfunded tax cuts prompted a sell-off in government bonds and a shock depreciation of the currency.AdvertisementAdvertisem stanley becher entIn Italy, borrowing costs shot up this week after Moody s ratings agency warned it would slash the country s debt rating to junk if Melonibackslides on planned economic reforms, amplifying fears of a new debt crisis.While there are big differences between the two leaders 鈥?Meloni calls financial speculators the enemy of the people; Truss wants to give them bigger bonuses 鈥?the lesson is the same. Financial markets are allergic to instability and political radicalism, and will qu Diww SONDAGE EXCLUSIF. Municipales tr猫s incertaines 脿 Besan莽on
Ashton picks EU ambassador to the USDavid OSullivan lined up to go to Washington, DC.Copy LinkCopiedShare via emailShare on XShare on WhatsAppShare on LinkedInJanuary 15, 201411:05 pm CETBy Simon TaylorCatherine stanley travel mug Ashton, the European Unions foreign policy chief, is planning to appoint David OSullivan, who is currently chief operating officer of the EUs diplomatic service, to its most highly prized ambassadorial post: in Washington, DC.The European Commission approved before Christmas a shortlist of candidates for the post from which Ashton can make her choice. Senior officials have conf stanley vaso irmed to European Voice that she intends to stanley cup appoint OSullivan, an Irish national, who served 30 years in the Commission until 2010, when he was appointed to the European External Action Service as one of its top three officials.As chief operating officer, it fell to him to establish the diplomatic service, which had a troubled birth that was not helped by Ashtons difficult relations with senior diplomats. He was one of the few officials in whom she had complete confidence.AdvertisementAdvertisementWhile OSullivan is effectively being rewarded for loyal service to Ashton, he is also well qualified for the task. He was the Commissions director-general for trade in 2005-10. Before that 2000-05 , he was secretary-general of the Commission, appointed by Romano Prodi, the then president of the Commission, for whom he had been working as head of his private office 1999-2000 .Charles Grant, director o