No Earthquake: Investors Not Daunted by Rise of Anti-EU Vote

Investors took the electoral success of nationalist and anti-EU parties in the EU Parliament in stride. The early results project these parties will secure around 130 of the 751 seats.  Some partisans are claiming it is a “political earthquake”, but this is not immediately clear. It may be an exercise in hyperbole.  The duopoly of the center-right and center-left will persist and still dominate the EU parliament.  This will likely become clearer when the new EC President and Commission are put together.  The first such discussions will be on May 27.  The anti-EU vote is far from a unitary bloc. They are a disparate collection of national parties. In addition, the voter turn-out of a little more than 43% of the eligible voters raises questions over the validity of drawing strong national implications.  Moreover, it is difficult to tell determine how much of the anti-EU vote was a protest […] Read More