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The Weekly Rundown: China in Greece, Spain's Fragmented Politics and Turkey's Defense Industry

5 MINS READNov 9, 2019 | 14:00 GMT
A woman in Seville, Spain, looks at election posters for the United We Can (Unidas Podemos) party on April 22, 2019.

A woman in Seville, Spain, looks at election posters for the United We Can (Unidas Podemos) party. Spain is holding its fourth general election in as many years on Nov. 10.

(MARIA JOSE LOPEZ/Europa Press via Getty Images)

On the Record

We're in a world of power blocs and of trade blocs. And it makes more sense for the U.K. to be part of that power bloc called the European Union and part of that trade bloc called the European Union.

John Bercow, former speaker of the British House of Commons, in an interview with AP

What We're Tracking

Nov. 10-12: Xi in Greece. Just days after Greek Prime Minister Kyriakos Mitsotakis returned home from a visit to China, Chinese President Xi Jinping will arrive in Athens as part of an effort to solidify the relationship with a key piece to China's Belt and Road Initiative. Despite initial misgivings earlier this year about China's expanded investment plans in a port project in Piraeus, Greece's desire to draw as much foreign investment into the country as possible provide Beijing extended access into the Mediterranean nation. Xi's visit will focus heavily on trade and investments between the two countries as Beijing seeks to cement closer cooperation with Athens to diffuse European Union criticism against China.

Nov. 10: Spanish Elections. Spain will hold a general election, the fourth in as many years, and the winner will be ... fragmentation. Polls suggest that no party will be able to govern alone, and long coalition talks will follow the election. This happens at a time when the Spanish economy, which showed notable resiliency to the political paralysis in recent years, is starting to slow down. The new government will also have to deal with Catalonia's ongoing push for secession.

Nov. 13: Turkey's Erdogan Set to Visit Washington. Amid a backdrop of U.S.-Turkey tensions, Turkish President Recep Tayyip Erdogan and U.S. President Donald Trump will try to soothe relations when Erdogan visits the White House. They have plenty to talk about, from sanctions to Syria. Yet whatever they agree to may well be moot, as the U.S. Congress, still putting together its own sanctions package, appears poised to penalize Turkey regardless of what Trump promises.

Nov. 13-14: BRICS Leaders to Meet. The leaders of Brazil, Russia, India, China and South Africa will hold a summit meeting in Brasilia, where they are expected to focus on strengthening economic cooperation between the five countries, known by their acronym BRICS, with a particular emphasis on technology, innovation and the digital economy. It will be important to track the concrete business deals that emerge from the summit.

Nov. 15: Opposition Protests Target Modi's Economic Record. The opposition Indian National Congress plans to hold a major rally in New Delhi protesting Prime Minister Narendra Modi's handling of the economy. Modi's incumbent Bharatiya Janata Party was reelected to power in May, but a persistent slowdown over five quarters points to a key challenge for Modi in the months ahead as the Congress tries to dent his appeal.

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Stratfor Talks

In the latest episode of the Stratfor podcast, Stratfor analyst Emily Hawthorne talks with Sinan Ciddi, assistant professor at Georgetown University's School of Foreign Service, the director of the Institute of Turkish Studies and a frequent contributor to Stratfor Worldview, about Turkey's current situation and its political future.

Visit our podcasts page for more conversations on geopolitics and world affairs with Stratfor's analysts, editors and contributors.

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