Final Word from Tuesday, April 29, 2025

The projected election victory yesterday of Mark Carney's Liberal Party of Canada gives at least a temporary boost to liberals around the world. Carney's come-from-behind defeat of the Conservatives affirms that defiance to Donald Trump is a sustainable strategy. Czech liberals, including the conservatives in the ruling coalition, will see a ray of hope in their battle against those on the "wrong side," although transference to the Czech political scene will be minimal. If Carney remains as PM as expected, his country will seek to take a greater leadership position within a coalition of like-minded countries. This has significant implications not only for global trade and the war in Ukraine, but also for the global fight against climate change. And with Germany's designated chancellor, Friedrich Merz, talking about the inevitability of another financial crisis, the ex-central banker Carney can also be expected to be a leader in promoting crisis management that again favors the major global players. [ Czech Republic ODS Spolu CDU willing ]