Green Party, Chancellor Sebastian Courts, United States discussed on Monocle 24: The Briefing
Sebastian cuts and his conservative People's Party win eight clear your victory in the country's general election but will the former chancellor look again to the scandal-plagued far right party in forming the next government our news panel will evaluate the latest violence in Hong Kong which comes on the eve of celebrations for the seventieth anniversary of communist rule in China plus. We'll find out why Turkey wants is to become more self sufficient in its military strength and we'll also hear about a new project in Finland which is trying to support peaceful coexistence between people the country's growing wolf population all that plus a flip through the newspapers and a rundown of the day's top business stories as well right here on the briefing with me Daniel Beach Welcome to the briefing we begin by turning our attention to Austria where former Chancellor Sebastian Courts as won a general election and in convincing fashion snap election was called following the collapse of the previous government made up of the People's Party of Mister Courts and the far-right Freedom Party hardy video had revealed the Freedom Party's openness to Russian influence. Peddling courts will now have to choose between shifting left or going back to his former allies in the far right party to form a new government for more on this. I'm joined by tests should covets. UK Correspondent for Austria Profile magazine Tessa. Thank you for joining us and and welcome back to the show Were you surprised at all. I don't buy this results. I think everyone was surprised because the opinion polls before forty elections showed a better resort for prognosis for the far-right what happened I think in the last weeks before the elections was that the far-right Freedom Parthiv got involved. There were some revelations about expense scandals around the leadership and former former head of the party has gone and that further dampen their the the results so a combination of the bitter video scandal from May with these new revelations just kicked him off the chances to return to government as the logical partner that for Christian for Sebastian quote what's so we will see now in long probably difficult coalition negotiations if he indeed will to the Green Party as coalition nations partner. I want to come back to that expensive scandal you mentioned but you are right. The Green Party did surge which is quite curious here sort of square in the middle the People's Party the Conservative Party is the Social Democrats as well which is quite curious. The Conservative Party gained a lot of ground far right lost ground obviously because of of that scandal but with the performance of the Greens does that put into question where the former chancellor is going to look for a new partner in in his coalition while he's definitely the successful populist he managed to gain votes though his previous coalition was failed completely in renewing Australia sort of fear contract with the people in the future so they just had to resign after eighteen months and still he comes out as the one who is the staple prime minister that people trust again to form another government so that's the first thing so the second thing is that the Zeitgeist has changed a little bit in the last two years so the last elections refund on a tough immigration stands after the refugee crisis resulted in strong anxieties in the population this time we're sort of in the middle of Friday's for future a frenzy people thinking about the climate catastrophe more than about the the consequences of immigration could try to push the immigration a topic in all conversations or interviews during during the election campaign but in fact the resides in the success of the green pod shows that the younger voters want something else than the constant immigration debate so they turn to the Green Party and a lot of people in the middle of the society also thought that they wanted some kind of the more open minded and more progressive stance on questions like immigration European Union and end climate and those people voted either green or for this small Liberal Party which was also quite successful. Do we have any indication of which way ah the former chancellor is leaning here for his Coalition Party as he say sort of it is a popular thing now more people are thinking about the climate obviously climate change rather more people voted voted green so he's quite young guy as well not only in age but in his political experience so may he be more curious to to shift left in in building and continuing to grow on his popularity he might and this is a big test now for him as a politician because he was very quickly quickly turning to become one of these right wing populace strongmen tough on immigration and constantly talking about political Islam. I am in how to sort of restrictor these influences in Australian in his Austrian homeland and artists sixty. You know the rhetoric from other other right wing politicians in Europe to now. He has the chance to move back to the middle and do a coalition with the Green Party ideologically. Lee I think this will be quite difficult for him because he has always said that he felt comfortable in the coalition with defy red because they shared a lot of his reform plans and also this anti immigration stance now we will see what he will do and it will be a a very big test also for the Green party because they are much more progressive much more welcoming to immigration much more open minded and in then Sebastian could so for them to go into coalition is quite dangerous too but it's now the moment where Australia has decided and where the Green Party ends passive quits mainly mainly those two have to decide if they want to prevent the fire to come back from into government or not and we will probably see this by the end of the year beginning of next year only the results so the next week will be quite interesting Tessa. Thank you so much for this just fits their now with a look at some of the day's other the news headlines here is multiples yielding offen- thank you Daniel Saudi Arabia's Grand Prince Mohammad bin Salman has warned at oil prices could spike to unimaginably high the numbers if the world doesn't come together to deter Iran speaking to CBS. He said he would prefer a political solution to military one. The bruins also accepted some responsibility for journalists Jamal Kashoggi's killing but denied personally ordering it dozens of world leaders have gathered in Paris for the funeral of former President Jacques Chirac who died last week H. Eighty-six. He's to be buried at Dimona symmetry in the French capital Jackson. I served two terms as president and twice as prime minister and the unemployment rate in the eurozone dropped in August its lowest level in more than a decade figures by the European Union statistics official the jobless rate in the nineteen nineteen country courtesy block fell to seven point four percent in August reaching its lowest level since May two thousand eight when the Eurozone's economy begin to feel the negative impact the prime mortgage crises in the United States. Those are today's headlines back to you Daniel. Thank you your lean. Let's now get the days latest business headlines and I'm joined on the line by Bloomberg's. You and it's nice to have you on the program I dump a partial to Nile from the US over increased restrictions on Chinese investments. What can you tell us about that. Yes we heard on Friday from Larry cudlow the head of President Trump's national economic council deliberations inside the white off of what some hawks at labeled a potential to financial decoupling of the world's two largest economies it sound like rather grand expansion of the trade war between China and the US we understand that the it's the options discussed including forcing a listing of Chinese companies from US exchanges imposing limits on investments in Chinese markets by US government pension funds and also on putting putting caps on the value of Chinese companies including indexes managed by US firms but now we've had something of a partial denial from the White House downplaying the limits of this the administration is not contemplating blocking Chinese companies from listing shares on US stock exchanges this time so not really denying the entirety of these suggestions are also saying at this time leaving the door. Perhaps open to more restrictions in this this all comes across the head of those key trade talks October tenth and eleventh the important days for those Chinese vice premier will be heading to the US. We all L. Senior officials to discuss the ongoing trade while this is very much something which markets keeping an eye on so watch out for more headlines on the trade front and on the Market Watch. What about this tax hike in Japan. How is that affecting thanks yeah prominence. The Shinzo will be hoping it's third time lucky for his tax increase. The plan tomorrow is to increase the sales tax from eight percent ten percent now. They tried and failed to do this twice. The Japanese Economy of course has been in a fragile Rajon state for years more than a decade really and consumer spending pretty fragile now. Japan is keen to show that it serious about chipping wait debt of course Japan's public debt load is the biggest in the developed world in twenty fourteen the last time this was tried right. There was a serious damage to the economies of this time they've already hedged their bets of the raft of countermeasures designed to smooth out the boom and bust in in consumption and buy some some calculations they actually add up to more than the total extra proceeds from the tax increase in the first year so they've tried to did this a bit more carefully this time also some disparity in economic forecasts as to how Japanese economy is going to fare this year. I'm this survey. Bouma reckon that the economy will shrink violent annualized two point seven percent in the final three months of two thousand nine hundred a pretty bad performance elements to round out the year four Japan by the spread of forecasts is unusually wide so far. We've got some preliminary data on consumer spending four September and shows that there's been a bit of a spike in sales of home appliances and furniture buying but it's not really a mad rush to splurge so the some signs of people buying ahead ahead of this tax increase but the Japanese government selling the hoping this time they can finally get this tax hike through the door you and thank you for this. you in pots. They're in a very busy Bloomberg newsroom.