The Daily Update - As One Honeymoon Starts, Another Ends

As we mentioned on Friday, it was indeed third time lucky for Andrés Manuel López Obrador’s (AMLO) as he won a landslide victory in yesterday’s Mexican Presidential Election. Figures suggest that AMLO could have won over 53% of the vote, well above what the polls were indicating beforehand. In contrast, the leader of a right-left coalition Ricardo Anaya, polled about 22%, with centrist candidate José Antonio Meade taking approximately 16%, both well below what was being suggested by the polls.

The landslide, leftist AMLO now has a mandate unmatched in recent times to move the country in his direction, although he is promising not to nationalise companies, or quit NAFTA, govern as a pragmatist as well as give preference to the poor. He also said individual and property rights would be guaranteed, adding that his government will maintain financial and fiscal discipline as well as respecting the autonomy of the Bank of Mexico. Trump was quick to take to twitter to congratulate the new presidential; tweeting ‘Congratulations to Andres Manuel Lopez Obrador on becoming the next President of Mexico. I look very much forward to working with him. There is much to be done that will benefit both the United States and Mexico!’.

The honeymoon may be beginning for AMLO, however it definitely looks over for German Chancellor Angela Merkel and her newly formed government. Interior minister, Horst Seehofer, threatened to resign over a dispute concerning Merkel’s immigration policy. The centre-right Christian Democratic Union (CDU) party and its Christian Social Union (CSU) partners have been holding talks trying to resolve the migration standoff. He later withdrew the threat in the hope of reaching an agreement for the good of the country. The sticking point seems to be that Seehofer believes migrants should be turned away at the border if they have sought asylum elsewhere in the EU, whilst Merkel proposes that migrants arriving in Germany who first registered in another EU country should be placed in special ‘admission centres’ under restrictive conditions.

After the long meetings Merkel attended last week trying to resolve the immigration problems with her fellow EU leaders, it does not look like this problem is going away anytime soon especially when the likes of  Poland, Hungary and the Czech Republic have already stated they would not be part of any German deal.

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