Bi-Weekly Geopolitical Report – The EU Parliamentary Elections: New Strength for the Right (July 1, 2024)

by Patrick Fearon-Hernandez, CFA | PDF

In early June, voters across Europe cast ballots for their representatives to the European Parliament, an institution likely unfamiliar to most Americans. Even among the few who may know of it, we suspect many don’t really understand it or other top European Union institutions. In this report, we offer a primer on the main EU decision-making bodies and how they work together. We also review the results of the early June parliamentary elections, in which right-wing populists significantly increased their strength in the legislature, largely at the expense of leftists. We examine the implications at the EU level and within key EU countries. We wrap up with a discussion of the investment ramifications.

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