FT News Briefing Mexico’s new supreme court
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Jun 4, 2025 The podcast dives into the unexpected resignation of Dutch Prime Minister Dick Schoof after a coalition collapse. It raises alarms over Mexico's new supreme court, which will be packed with ruling party judges, potentially affecting judicial independence. Listeners learn about Eurozone inflation dipping below the ECB’s target at 1.9%. Additionally, the remarkable comeback story of the Royal Bank of Scotland post-nationalization is explored, alongside South Korea's political upheaval following a significant presidential win amid economic headwinds.
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Mexico Judicial Elections Impact
- Mexico elected judges for the first time to reduce corruption and increase accountability.
- However, only nominees from the ruling Morena Party won, raising concerns about judicial independence and investor confidence.
Investor Concerns on Mexico Courts
- Investors fear the new judiciary system will hinder cases against the government.
- This creates unpredictability, making Mexico less attractive to foreign firms.
RBS Bailout's Size and Impact
- At the 2008 crisis, RBS was the largest bank globally, with assets bigger than the UK economy.
- Its bailout was crucial to prevent economic collapse but cost taxpayers heavily due to eventual losses.