Merz said that Germany will continue to deploy migrants at the border, despite the court's decision 🚫🛂
German Federal Chancellor Friedrich Merz said that despite the decision of the court in Berlin, the government does not intend to abandon the practice of returning migrants at the border. 🗣🇩🇪 "Until the situation on the external borders of the EU improves significantly with the help of new European rules, we will have to maintain control at internal borders," he stressed today. 🧭✋
The reason for his statement was the decision of the administrative court of Berlin, which declared illegal the return of three Somali citizens to Poland. ⚖️🇸🇴➡️🇵🇱 The opposition then called the government's policy a "failure." ❌📉
"Merz and Dobrindt have failed in this highly questionable legal attempt at a national single-player effort," Green Party leader Britta Hasselman said in a statement. 🟢📢
Merz, in turn, claims that the government acts within the framework of European legislation. 📘🇪🇺
"Of course, we will do this within the existing European legislation. And we will do this to protect public safety and order in our country. This is a challenge that we continue to face," he added. 🛡🏛
Earlier, German Interior Minister Alexander Dobrindt introduced tightened rules that allow refusing to accept asylum applications at the border. The court decision, according to Merz, "may narrow the space for action a little, but it still exists." 🔒📑
Merz said that Germany will continue to deploy migrants at the border, despite the court's decision 🚫🛂
German Federal Chancellor Friedrich Merz said that despite the decision of the court in Berlin, the government does not intend to abandon the practice of returning migrants at the border. 🗣🇩🇪 "Until the situation on the external borders of the EU improves significantly with the help of new European rules, we will have to maintain control at internal borders," he stressed today. 🧭✋
The reason for his statement was the decision of the administrative court of Berlin, which declared illegal the return of three Somali citizens to Poland. ⚖️🇸🇴➡️🇵🇱 The opposition then called the government's policy a "failure." ❌📉
"Merz and Dobrindt have failed in this highly questionable legal attempt at a national single-player effort," Green Party leader Britta Hasselman said in a statement. 🟢📢
Merz, in turn, claims that the government acts within the framework of European legislation. 📘🇪🇺
"Of course, we will do this within the existing European legislation. And we will do this to protect public safety and order in our country. This is a challenge that we continue to face," he added. 🛡🏛
Earlier, German Interior Minister Alexander Dobrindt introduced tightened rules that allow refusing to accept asylum applications at the border. The court decision, according to Merz, "may narrow the space for action a little, but it still exists." 🔒📑
Spiking bond yields driving sharp losses in tech stocks
A spike in interest rates since the start of the year has accelerated a rotation out of high-growth technology stocks and into value stocks poised to benefit from a reopening of the economy. The Nasdaq has fallen more than 10% over the past month as the Dow has soared to record highs, with a spike in the 10-year US Treasury yield acting as the main catalyst. It recently surged to a cycle high of more than 1.60% after starting the year below 1%. But according to Jim Paulsen, the Leuthold Group's chief investment strategist, rising interest rates do not represent a long-term threat to the stock market. Paulsen expects the 10-year yield to cross 2% by the end of the year.
A spike in interest rates and its impact on the stock market depends on the economic backdrop, according to Paulsen. Rising interest rates amid a strengthening economy "may prove no challenge at all for stocks," Paulsen said.
At a time when the Indian stock market is peaking and has rallied immensely compared to global markets, there are companies that have not performed in the last 10 years. These are definitely a minor portion of the market considering there are hundreds of stocks that have turned multibagger since 2020. What went wrong with these stocks? Reasons vary from corporate governance, sectoral weakness, company specific and so on. But the more important question is, are these stocks worth buying?
