Politics
UN mission in Iraq calls for ‘urgent solutions to political crisis’
“Meaningful dialogue between all Iraqi parties is more relevant than ever. Recent events have demonstrated the risk of rapid escalation in a tense political environment,” the United Nations Assistance Mission for Iraq (UNAMI) warned in a statement.
“We call on all participants (…) to immediately come to an agreement on solutions,” added UNAMI.
The domestic political crisis escalated on Saturday when supporters of Shiite leader Muqtada Sadr occupied parliament in protest against a candidacy for a new head of government proposed by rival pro-Iranian factions.
Today, for the fifth day in a row, hundreds of Sadr supporters continue to occupy parliament, the AFP news agency reported.
On Wednesday, the “Sadrist” current called on supporters to leave the half-cycle and another large hall of Parliament, offering to set up camp in front of the building and in nearby gardens until Friday.
In an attempt to overcome the crisis, Prime Minister Mustafa al-Kazimi, who is in charge of current affairs, has proposed a “national dialogue”.
The political situation in Iraq has stalled since October 2021. Several months of contacts and discussions prevented the election of a new President of the Republic and Prime Minister.
“Iraq cannot afford to engage in dialogue without solutions,” UNAMI stressed. “Iraq is facing a long list of internal challenges: it is in dire need of economic reform, efficient public services and a federal budget,” the UN mission continued.
In the absence of a new government, Iraq, which generates 90% of its income from oil exports, has yet to approve a 2022 budget.
The government is currently constrained by the provisions of the 2021 budget, set at a price of a barrel of crude oil that is well below what is currently set on the market, implying important restraints on government spending.
To meet the most pressing needs, parliament voted in June for an emergency funding law. This legislation includes the purchase of energy from abroad, as well as grain, to ensure the country’s “food security”.
Earlier today, Prime Minister Kazimi met with President Barham Saleh and the two stressed the importance of “ensuring the security and stability” of the country.
Yesterday, financial agents evaluated the opposite decision of the Federal Supreme Court (STF) regarding the so-called secret budget. In addition, a decision was made by STF Minister Gilmar Méndez to issue an injunction that would exclude the Bolsa Família from the spending cap rule, with investors trying to understand how this measure would affect the processing of the transitional PEC in the Chamber of Deputies. Oh this PEC!!!!
Since he is an exchange investor, any reading that the budget will be exceeded or become more flexible will negatively affect the exchange market, whether through the PEC or in any other way. We will continue with volatility today.
Looking beyond, the US Central Bank (Fed), although slowing down the pace of monetary tightening at its December meeting, issued a tougher-than-expected statement warning that its fight against inflation was not yet over, raising fears that rising US interest rates will push the world’s largest economy into recession.
The currency market continues to react to political news. The voting on the PEC is saved for today. It is expected that it will indeed be reviewed to open the way tomorrow for discussions on the 2023 budget.
For today on the calendar we will have an index of consumer confidence in the eurozone. Good luck and good luck in business!!
The former president of the Corinthians dreams of working for the CBF as a national team coordinator. He was consulted shortly after Lula’s election.
Former Corinthians president Andrés Sánchez was advised to take a position in the Ministry of Sports under the administration of Lula (PT). However, he ruled out a return to politics. dreams of taking over the coordination of CBF selectionHow do you know PURPOSE.
No formal invitation was made to the former Corinthian representative, only a consultation on a portfolio opportunity with the new federal government, which will be sworn in on January 1, 2023.
Andrés was the Federal MP for São Paulo from 2015 to 2019. At that time he was elected by the Workers’ Party. However, the football manager begs to stay in the sport, ruling out the possibility of getting involved in politics again.
Andrés Sanchez’s desire is to fill the position of CBF tackle coordinator, which should become vacant after the 2022 World Cup. Juninho Paulista fulfills this function in Brazil’s top football institution.
The former president of Corinthians was in Qatar to follow the World Cup along with other figures in Brazilian football. During his time in the country, he strengthened his ties with the top leadership of the CBF.
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The agreement was approved by a supermajority at a ministerial meeting of member states in Brussels, Belgium, after months of discussions about the best way to contain the rise in natural gas prices in the bloc caused by Russia’s invasion of Ukraine. .
The value set by the countries is well below the proposal made by the European Commission, the EU’s executive body, in November: 275 EUR/MWh. However, the countries leading the cap campaign were in favor of an even lower limit, around 100 EUR/MWh.
Germany, always wary of price controls, voted in favor of 180 euros, while Austria and the Netherlands, also skeptical of the cap, abstained. Hungary, the most pro-Russian country in the EU, voted against.
The instrument will enter into force on 15 February, but only if natural gas prices on the Amsterdam Stock Exchange exceed 180 euros/MWh for three consecutive days. In addition, the difference compared to a number of global benchmarks should be more than 35 euros.
Italy, the EU’s biggest supporter of the ceiling, has claimed responsibility for the measure. “This is a victory for Italy, which believed and worked for us to reach this agreement,” Environment and Energy Minister Gilberto Picetto tweeted.
“This is a victory for Italian and European citizens who demand energy security,” he added.
Currently, the gas price in Amsterdam is around 110 EUR/MWh, which is already a reflection of the agreement in Brussels – in August the figure even broke the barrier of 340 EUR/MWh.
However, Russia has already threatened to stop exports to countries that adhere to the ceiling. (ANSA).
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