International
The German conservative leader urges Chancellor Scholz to call a vote of confidence after the breakup of the government coalition
The leader of the Christian Democratic Union (CDU), Friedrich Merz, urged German Chancellor Olaf Scholz on Thursday to submit to a vote of confidence next week at the latest, and not on January 15, as he announced yesterday, after the breakup of the coalition government.
In an appearance before the press, Merz said that “there is no reason to wait until January next year to ask for a vote of confidence,” and stressed that the government coalition, formed by social democrats, greens and liberals, “no longer has a majority” in the lower house.
“Therefore, we have to demand that the chancellor, by unanimous decision of the CDU/CSU parliamentary group – the Bavarian Christian Social Union – immediately convene a vote of confidence, no later than the beginning of next week,” he said.
Call for elections
The conservative politician said that he will ask Scholz at the meeting they will hold this noon “to clear the way” for elections and present his arguments in a subsequent meeting with the country’s president, Frank-Walter Steinmeier.
Merz alluded to a whole series of international commitments, conferences and decisions in the European Union that “now require a German government to be able to act.”
“We simply cannot afford now to have a government without a majority in Germany for several months and then carry out an electoral campaign for several more months and then possibly several weeks of coalition negotiations. This now has to go fast,” he added.
He said that if Scholz submits to the vote of confidence now, it would be possible to hold general elections in the second half of January and assured that there is enough time for the parties to carry out all the necessary preparations.
“There is no reason at all to wait until the spring of next year,” he insisted.
Scholz’s chief advisor will take over the Finance portfolio
Jörg Kukies, an important advisor to the German Chancellor, Olaf Scholz, and currently Secretary of State in the Chancellery, will assume the portfolio of Minister of Finance of the Government of a minority of Social Democrats and Greens, after the collapse of the coalition with the expulsion of the Liberals.
Kukies, 56, will replace the president of the Liberal Party (FDP), Christian Lindner, who was dismissed yesterday by Scholz with the argument of the loss of confidence and the unwillingness to find compromises to save the coalition.
Economist by training, he worked for a long time for the investment bank Goldman Sachs and before moving to the Foreign Ministry he was Secretary of State in the Ministry of Finance between 2018 and 2021.
The president demands that politicians be up to it
For his part, the President of Germany, Frank-Walter Steinmeier, urged on Thursday all political leaders to assume their responsibility in the face of the enormous challenge now of having a minority government and, almost certainly, early general elections in March after the breakup of the coalition.
“This is not the time for tactics and skirmishes. It’s time for common sense and responsibility. I expect all those responsible to rise to the magnitude of the challenges,” said the head of state in a brief appearance before the media.
Steinmeier recalled that in the 75-year history of the Federal Republic of Germany, it has rarely happened that a government coalition has ceased to have a majority in the Lower House or Bundestag before the end of the legislature.
The president of Germany said that, although the collapse of the Government “is not the end of the world” and the German Constitution includes provisions for these cases, “it is a political crisis that we have to leave behind and that we will leave behind.”
Before the collapse of the coalition, the general elections were scheduled for September 28, while now, given the high possibility that Scholz will lose the vote because he is in the minority, they will probably be held in advance in March.
The German President must decide on the dissolution of the Lower House if the Lower House withdraws its confidence in the Chancellor, in accordance with Article 68 of the Basic Law.
“I am willing to make this decision,” said Steinmeier, who insisted that Germany “needs stable majorities and a government capable of acting,” so “that will be my yardstick.”
International
Biden administration approves $8 billion arms sale to Israel ahead of Trump’s Presidency
The administration of U.S. President Joe Biden approved a weapons sale to Israel worth approximately $8 billion, which includes air defense ammunition, the State Department announced on Saturday.
The sale—which must be approved by Congress—was agreed upon just days before Republican Donald Trump assumes the presidency, also a strong ally of Israel in the Gaza conflict. Before leaving office, Joe Biden once again ignored pressure from human rights organizations and Democratic lawmakers who oppose the arms sale to Israel.
“The president made it clear that Israel has the right to defend its citizens in accordance with international law and humanitarian law, and to deter aggression from Iran and its allied organizations,” it was stated.
International
Scottie Pippen’s dream predictions about Bitcoin gain attention as market faces volatility
Financial analyst Jim Bianco commented on Monday about Scottie Pippen’s dream encounters with Satoshi Nakamoto, noting that the NBA legend’s predictions about Bitcoin (CRYPTO: BTC) have been surprisingly accurate.
What Happened Bianco, president and founder of Bianco Research, stated in a post on X that Pippen’s predictions have gained followers due to their accuracy, despite the strange methods he claims to use, such as receiving messages from Bitcoin’s anonymous creator in his dreams.
Bianco also analyzed Pippen’s latest forecast, in which the basketball star said, “I just took a nap, and Satoshi whispered to me: ‘Bitcoin will get closer to the Black Mamba numbers before it returns to Chamberlain.’”
According to Bianco, the post referenced NBA legends Kobe Bryant and Wilt Chamberlain, who scored 81 and 100 points in a single game, respectively. Simply put, Pippen expected Bitcoin to drop to $81,000 before recovering to $100,000.
Why It Matters The world’s leading cryptocurrency has fallen below the key support level of $93,000 and is at risk of falling further. Since the Christmas rally, Bitcoin has dropped by up to 6.5%.
Earlier, Pippen grabbed attention by predicting Bitcoin would hit $84,000 on U.S. presidential election day. While the digital asset didn’t meet these predictions, it reached $84,000 a week later.
International
Ecuador Imposes 60-Day State of Emergency in Most Violent Provinces as Drug Gangs Clash
Ecuador, engaged in a war against drug trafficking gangs, has declared a new state of emergency in Quito and seven of its 24 provinces, which are considered the most violent, according to a presidential decree released on Friday.
The 60-day measure suspends the rights to the inviolability of the home and correspondence in the coastal provinces of Guayas, Los Ríos, Manabí, Santa Elena, and El Oro, as well as the Amazonian provinces of Orellana and Sucumbíos. This state of emergency has been in effect since Thursday and was implemented due to the severe internal turmoil and internal armed conflict declared last year because of drug-related violence.
The decree includes Quito (in the province of Pichincha) and the towns of La Troncal (Cañar) and the mining town of Camilo Ponce Enríquez (Azuay), as well as the prison system, now under military control.
The government of Daniel Noboa, which began in November 2023, has consistently used this measure in response to an escalating wave of drug gangs fighting for control of the streets and prisons.
“This declaration is based on… the increase in violence rates, the commission of crimes, and the prolonged intensity of the presence of organized armed groups,” states the decree released on the presidential website.
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