Wednesday, December 4, 2024

#finance #investment - South Korea President Yoon Faces Impeachment; France No-Confidence Vote | Bloomberg The Pulse 12/04

4 December 2024

South Korean opposition lawmakers are calling for President Yoon Suk Yeol to be impeached after he plunged the nation into a political crisis by briefly imposing martial law. In an exclusive interview with BTV, BOK Governor Rhee Chang-yong said he expected the impact from the turmoil to be short-lived, and said it wasn't likely to force rate cuts. In Europe, the French government faces a no-confidence vote late afternoon Wednesday. Far-right leader Marine Le Pen and her National Rally party plan to support the movement, which could pass with the backing of a left-wing coalition. President Macron urged French to reject the motion that could topple the government and cause political turmoil.

Today's guests: Claudia Panseri, UBS France CIO; Arthur Delaporte, French Socialist Party Member; Maria Municchi, M&G Fund Manager; Edward Howell, Chatham House Asia-Pacific Program Korea Foundation Fellow

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