The voters decided the fate of the European Parliament. By voting, the parliament remained fragmented. For the first time in the history of the European Union, centrist-right and center-left political groups lost the majority in the face of Greens, populists and nationalists. The divided parliament will find it difficult to make a decision on the future of Europe.
Centric pro - European forces hold positions but fragmented.
EPP and S & D for the first time in history lost their strong positions to the Greens and the Liberals. This means that they will most likely have to seek co-operation with other parties to form a coalition. However, this poses a shadow over solving serious problems such as the European budget, trade and border policy.
The Greens are advancing
These elections were good for this political force. They became the second in Germany, the third in France, and surpassed Conservatives in the UK, finishing fourth behind Brexit, Liberal Democrats and Labor.
High activity all over Europe
High turnout helped the Liberals and the Greens to move forward. 20 out of 28 Member States have recorded record activity over the past ten years. Nine of these countries even doubled. This is a sign that voters have motivated their voice to be heard amid strong polarization over the European political arena.
Eurosceptics stayed behind
The Eurosceptics and the far-right pari gained positions, but far from expectations. Europe of Nations and Freedom (ENF) has only earned the most seats - 58 in number.
So far, ENF was the smallest party in parliament. It was fired ahead of the success of the League in Italy and the National Rally in France. EFDD, on the other hand, has advanced due to the success of Farage's Brexit Party, which won third place. European Conservatives and Reformists (ECR) remained out of place after the British Conservatives' extremely poor performance.
Populists and Eurosceptics have failed to enter parliament
Right-right remain strong at national level
However, their strength will rather be felt at a local level. Especially in France and Italy, where the National Rally of Le Pen and League of Matteo Salvini came forward.
Source: The Financial Times
Photo: Flickr
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.