Tag Archives: Presidential Election

France’s Valls Stumbles in First Round of Primaries

Former French Prime Minister Manuel Valls called on Monday 23 January for a big turnout in the second round of the Socialist primaries after a first round vote on 22 January made left-wing rival Benoit Hamon frontrunner to represent the party in this year’s presidential election.

Late on Sunday, Valls said on RTL Radio “ to all those voters who believe in the Left, do not despair, mobilise.” Late on Sunday, he stated that the choice between Hamon and himself was one of “certain defeat and possible victory” in the presidential election.

Hamon, 48, is a traditional left-winger who was dismissed from the government by President Francois Hollande in 2014 for criticising his economic policies. According to partial results, Hamon won about 36 percent of the vote to Vall’s 31. The former education minister also secured the backing of Arnaud Montebourg, another left-winger, who came in third with 18 percent and was therefore eliminated along with four other candidates. The outcome of next Sunday’s head-to-head vote however remains uncertain.

Opinion polls show that no Socialist candidate is likely to win the presidency, indicating that conservative Francois Fillon is the favourite to win, with Marine Le Pen of the far-right National Front (FN) coming in second place. Polls however also show that a victory for Hamon in next Sunday’s (29 January) Socialist primaries second round runoff against Valls could expose the centre ground to which Valls hopes to appeal, and thereby boosting the presidential prospects of independent centrist Emmanuel Macron.

Latin American Consequences of the US Presidential Elections

The US presidential elections are already swinging the pendulum for Latin America in significant ways. The fear that the US will now revert to protectionism lead to a major sell off across different asset classes. The Mexican Peso tumbled to 20-years lows and has hardly recovered as of yet, pulling down the entire region. After an initial quick fall the Dollar bounced hard and is currently trading at multi-month highs. This has exacerbated the devaluation of Latin American currencies, which are traded against the Dollar.

Apart from the financial fallout, geopolitical consequences of Trump’s future policies have appeared as well. Now that Trump has confirmed he will not support the Trans-Pacific Partnership, potential members like Chili, Peru, Mexico and Colombia will likely beef up their bilateral economic relations in order to compensate for TPP. Peru already stated to foresee bilateral negotiations with Australia and New Zealand. Argentina, very open to free trade, will receive $4.1 billion in investments from Canada. This is about half the amount expected from US companies through 2019. A more protectionist approach by Trump could bring that amount down and leave the door open for Canadian companies to fill the gap. Withdrawal from NAFTA could exacerbate this and will constitute extra incentive for Latin American countries to strengthen bilateral relations with other geopolitical powers. Peru, which has strong historic ties with China, already trades more with China than with the US, a development that could potentially spill over to increased security and military cooperation. President Kuczynski’s pull to China is very clear: “We hope to tap into new markets in China, especially for agriculture. We are also interested in cooperation on science and technology. Furthermore, cultural exchanges and cooperation in archaeology and climate change are also very important for us.” It remains the question whether the US will look on from the sidelines if Russia and China increase their influence in Latin America.

Interregional relations are likely to strengthen as well, given Trump’s veiled threats to Central American countries on the topic of immigration. Whether the US will build a wall or will significantly increase deportations of immigrants, Honduras, Guatemala and El Salvador have said to form a bloc with Mexico to deal with the US under Trump leadership. However, with regards to Mexico, it is likely that organized-crime competition will increase, as a result of traffic restrictions and stricter border controls. In this scenario, conflict over control over the remaining open crossings would lead to increased violence. Violence in border cities like Ciudad Juarez and Tijuana is already on the rise. The second security consequence for Mexico stems from the influx of deportees, who would have few employment opportunities in Mexico. They could provide a ready pool of labour for criminal organizations. Central American cooperation is said to increase collaboration on jobs, investments and migration.

It remains to be seen as to which direction the pendulum will eventually swing, however, for the moment significant financial, economic and security consequences are already visible in Latin America.

Fillon & Juppe to go Head-to-Head for French Conservative Presidential Ticket

On Sunday 20 November, the French conservative party held its first-round voting to select its candidate for next year’s presidential election.   Francois Fillon will now head into a five-day runoff campaign for the presidential ticket. He is favoured over his opponent, Alain Juppe, after the first-round vote resulted in the ouster of ex-president Nicolas Sarkozy from the race.

Fillon is up against another former prime minister, Alain Juppe, in a second round of the primaries, which will be held on 27 November. Juppe now has a week to turn around his momentum-sapped campaign and win over the supporters of the other candidates. However this may be a difficult task for Juppe, as Fillon was only six points short of the 50-percent threshold needed in the first round, and has Sarkozy on his side. Sounding downcast late on Sunday, Juppe told his supporters that he would “carry on fighting” and billed himself as the best option to defeat far-right party leader Marine Le Pen, whom polls predict will make it to the second round of the presidential election.

Any French voter can take part in the run-off election next Sunday. Furthermore the views of pollsters and commentators have been much confounded in popular votes worldwide this year, including Brexit in the UK and the US presidential election, not least Sunday’s vote in which Fillon did far better than expected.

What is at stake is an almost certain place in the second round of next May’s presidential election. It is likely that the conservative challenger will face National Front party leader Marine Le Pen. Market analysts have said that the outcome of Sunday’s vote opens up new uncertainty about the result of next year’s presidential election and may increase what is still a remote risk that far-right leader Marine Le Pen can win it. A BVA poll in September indicated that Fillon would beat Le Pen by a margin of 61 percent of votes to 39 percent however recent opinion polls scenarios have not pitted him against her – in what is further evidence of how unexpected his top spot on Sunday was. More recent polls have consistently shown that Juppe would easily beat Le Pen. Polls have also indicated that Fillon is much less popular than Juppe amidst left-wing voters, which could make it harder for him to get their vote versus Le Pen.

Whatever the out come will be of Sunday’s election, next year’s presidential and legislative elections are already shaping up to be another battle of strengths between mainstream parties and rising popularist forces. The ruling Socialist party and its allies will hold their own primaries in January 2017. French President Francois Hollande, whose popularity ratings are abysmal, has yet to announce whether he will stand again, however polls have already indicated that it is unlikely that he would win in the primaries.

Ecuador Acknowledges Restriction of Internet on Assange

In October, Ecuador acknowledged that it partly restricted Internet access for WikiLeaks founder Julian Assange, who is taking refuge at its London embassy. Ecuador has disclosed that Mr Assange had in recent weeks released material that could have an impact on the presidential election in the United States, which will take place on 8 November.

In a statement, the Ecuadorean foreign ministry disclosed that WikiLeaks’ decision to publish documents could have an impact on the US presidential election adding that the release was entirely the responsibility of the organization, and that Ecuador did not want to interfere in the electoral process. The statement went on to say “in that respect, Ecuador, exercising its sovereign right, has temporarily restricted access to part of its communications systems in the UK Embassy,” adding that “Ecuador does not yield to pressure from other countries.”     WikiLeaks had earlier stated that Ecuador had cut off Mr Assange’s Internet access on the evening of 15 October. The US has denied WikiLeaks accusations that it had asked Ecuador to stop the site from publishing documents relating to Democratic presidential candidate Hillary Clinton.

WikiLeaks has recently been releasing material from Hillary Clinton’s campaign, including those from a hack of Mrs Clinton’s campaign chairman John Podesta’s emails. On 15 October, the site released transcripts of paid speeches that Mrs Clinton made to the US investment bank Goldman Sachs in the past, which her campaign had long refused to release. According to the latest leaked emails, Mrs Clinton told a Goldman Sachs conference that she would like to intervene secretly in Syria. She made the remark in answer to a question from Lloyd Blankfein, the bank’s chief executive, in 2013, just months after she left office as secretary of state. She also told employees of a bank in South Carolina, which had paid here about US $225,000 to give a speech, that “my view was you intervene as covertly as is possible for Americans to intervene,” adding,” we used to be much better at this than we are now. Now, you know, everybody can’t help themselves…They have to go out and tell their friendly reporters and somebody else: Look what we’re doing and I want credit for it.” The scripts revealed bantering exchanges with bank executives, which sources say may increase concerns among liberal Democrats that she is too cosy with Wall Street. The Democratic White House candidate’s camp has claimed that the cyber-breach was carried out by Russian hackers with the aim of undermining the US democratic process. Furthermore, while Mrs Clinton’s team has neither confirmed nor denied the leaked emails are authentic, there have been no indications that they are fake.

Transparency activist Julian Assange has sought asylum at London’s Ecuadorean embassy since 2012 in a bid to avoid extradition to Sweden over sex assault allegations.

US Presidential Election: Trump’s Shocking Win

Republican Donald Trump shocked the world on 8 November by defeating heavily favoured Democratic Hillary Clinton in the race for the White House, effectively ending year years of Democratic rule and sending the United States on a new and uncertain path. Global markets have already reacted to the election results, with stock markets plummeting.

With voting still continuing overnight, Donald Trump has so far won 289 state-by-state electoral votes, while Hillary Clinton has so far won 218. President elect Trump effectively collected just enough of the 270 state-by-state electoral votes needed to win the four-year term, which will begin on 20 January. He won battleground states where presidential elections are traditionally decided. CNN has reported that Clinton had called Trump to concede the election. shortly before, Clinton campaign chairman John Podesta told supporters at her elect ion rally in New York to go home, stating, “several states are too close to call so we’re not going to have anything more to say tonight.” Mrs Clinton is expected to make a statement on Wednesday.

The election results overnight came as a shock as opinion polls had forecast that Clinton was the favourite to win. The latest nationwide poll had indicated that Mrs Clinton had a 90% chance of winning. However Mr Trump ended up winning avid support amongst a core base of white non-college education workers with his promise to be the “greatest jobs president that God ever created.”

His win however has resulted in serious concern both within the US and abroad. Worried that a Trump victory could cause economic and global uncertainty, investors avoided risky assets such as stocks. Mr Trump campaigned on a pledge to take the country on a more isolationist, protectionist “America First” path, vowing to impose a 35 percent tariff on goods exported to the US by US companies that went abroad. During overnight trading, S&P 500 index futures fell by 5 percent to hit their so-called limit down levels, which indicates that they would not be permitted to trade any lower until regular US stock market hours on Wednesday.

Both candidates however, albeit Trump more than Clinton, had historically low popularity ratings in an election that has been characterized by many as a choice between two unpleasant alternatives. Trump however came out on top after a bitter and divisive campaign which focused largely on the character of the candidates and whether they could be trusted.

US media have also projected that Republicans will retain control of the US House of Representatives, where all 435 seats were up for grabs. In the US Senate, the party also put up an unexpectedly tough fight to protect its majority in the US Senate. It will however be interesting to see how he will work with Congress as during the Campaign, Trump was the target of sharp disapproval, not only from Democrats but also from many within his own party.

Donald Trump, who at 70 will be the oldest first-term US president while his presidency will be the first elected office that he holds.