Bloomberg reports: Czech billionaire Andrej Babis hit his first obstacle to forming a new cabinet after dominating the country’s parliamentary elections, with potential coalition partners declining to join him in government as long as he’s facing criminal fraud charges.
After promising to run the state like a business, fight Muslim immigration and oppose deeper integration with the European Union, Babis’s ANO party won 29.6 percent of ballots on Saturday. The euro-skeptic Civic Democrats were second, followed by two anti-establishment parties, the Pirates and the anti-Muslim SPD. Mainstream and pro-EU political forces suffered heavy losses.
As the second-richest Czech, Babis has drawn comparisons to Donald Trump and Silvio Berlusconi. He took credit for one of the fastest economic expansions in the EU and the bloc’s lowest unemployment, but his opponents have accused him of conflicts of interest tied to his agriculture and media businesses. A month before the vote, he was charged with fraud. He has rejected the allegations, but his current coalition partners, the Social Democrats and the Christian Democrats, said they won’t join him in power as long as the case remains open. [Continue reading…]