15 January 2019   Leave a comment

British Prime Minster Teresa May suffered a resounding defeat as Parliament voted 432-202 to reject her agreement with the European Commission for a Brexit deal. Both those who supported and opposed Brexit opposed the compromise deal and it is likely the Prime Minister will face a vote of no confidence fairly soon. May promised to deliver a “Plan B” soon, but it is highly unlikely that she can forge a coalition to support any compromise. Britain has until 29 March to reach a deal with the European Union, although that date could perhaps be fudged. But the prospect of a “hard” exit (one with no agreement on the terms) has become more likely. That outcome would inflict great economic costs on both Britain and the EU.

Zimbabwe is suffering through some violent protests as President Emmerson Mnangagwa raised fuel prices to try to stabilize the economy. Zimbabwe now has the most expensive gasoline in the world at $3.31 per liter (that’s about $12 a gallon). Mnangagwa took office only five months ago as the hopelessly corrupt regime of Robert Mugabe collapsed. But it seems clear that the new government has not inspired confidence among the people of Zimbabwe.

Posted January 15, 2019 by vferraro1971 in World Politics

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