Valruzian TimesThe Valruzian Times is a broadly distributed newspaper accros Valruzia________________________________________________________________________________________________________________________February 10th 4459Election ends with mixed feelings for NPR, coalition underway, stock market crashThe NPR has mixed feelings about the recent elections that saw the party become the 5th party in the Sejm________________________________________________________________________________________________________________________As the election night came to a close the NPR supporters went home with cautious optimism. With their party obtaining 67 seats in the Sejm NPR supporters felt slightly dissapointed as they had high hopes for the center-right party.
But despite some minor dissapointment most supporters also saw the chances ahead for the party. With the hyper liberal parties likely to be out of the government the NPR has, according to its press office, started negotiations with several parties in the Sejm to "establish a strong coalition that can reverse the deadly spiral of the previous government and create a strong domestic and foreign policy agenda"
The NPR candidate Walenty Batko had also won the presidency with a comfortable margin, paving the way for the party to take leadership in coalition negotiations. The NPR has proposed a minority government to the Sejm already after managing to get a confidence and supply deal with the Razem party who became the number one party in parliament.
In this deal the NPR and CP would form a government with the confidence and supply from Razem. Making this one of the first right leaning governments in decades. The NPR will take the lead in this proposed coalition by taking the position of Prime Minister for the party leader Cisek, who has been seen on the campaign trail multiple times before the elections. With the NPR leading the coalition will be moderate enough for Razem to support it.
Even with this deal with Razem its a very delicate coalition that could shift or fall at any time. Cisek has voiced his optimism however and sees this as a deal that is "serving the valruzian people and will bring back responsible leadership to the nation"
The coalition deal will likely pass within 4 months.
The new Valruzian president Walenty Batko ________________________________________________________________________________________________________________________Economy crashes as the caretaker government waits for a new government to take its place________________________________________________________________________________________________________________________While for over half a year the effects of the Reforma decentralizations and deregulations were not noticable they are now starting to appear.
The Valruzian Stock Market opened with a loss of over 230 points today as investors had gambled with their money and taken to many chances when investing it in stocks. This sudden influx of private cash caused a money bubble to develop resulting in the current crisis. With todays loss on the stock market analists suggest a domino effect could occur and we may even see bigger losses on the market in the coming days.
As the Reforma deregulations caused massive amounts of opportunity for private investors they started to take more risks. While billions of cash flooded the stock market, investing in all kinds of stocks from industry to agriculture a large bubble started to develop. While at first this influx of money and the bubble it created caused a strong growth rate for the Reforma government this bubble of private money on the stock market is now bursting and we could very well see a big economic crisis for the government that will take over from Reforma. Investors will likely pull even more stocks causing even bigger losses on the market in coming days
Said Dobrosław Stencel, economic specialist at the Nowogard university.
Will reforma leave a crumbling economy to the new government? And if so, will the new government be able to stabilize the situation?
A Stock Market worker watching in unbelieve as the market crashed this morning