Corbyn the patriot; a grilling for French banker

September 29, 2015

A patriot acting in the defence of decency, fair play and other supposedly British values is how UK Labour leader Jeremy Corbyn will portray himself in his keynote speech to the party’s congress this afternoon, seeking to counter critics who write him off as a loony leftist. He will also expound on his pledge to consult widely on Labour policy — a move some in his own party fear will only confuse voters about what the party actually stands for.

Romania’s parliament holds a vote of confidence in the government of Prime Minister Victor Ponta, being tried on graft allegations he denies. For now he has the support of party allies but the opposition is trying to lure his coalition partners to their side. Romania’s aid agreement with the IMF is due to expire in coming days; the accord has bolstered investor confidence in the country but it is still not clear what will follow, and on what terms.

French parliament holds hearings today into whether Francois Villeroy de Galhau, a BNP Paribas banker and a former aide of disgraced ex-finance minister Dominique Strauss-Kahn, is fit for the top central bank job in France and a seat on the European Central Bank’s policy-making Governing Council. Prominent economists and others have cried conflict of interest — this is proving to be a key test case of whether the cosy ties between the elite officials that dominate both France‚Äôs public service and its private sector can continue.

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