FT News Briefing Far right makes big gains in Europe
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Jun 10, 2024 Far-right parties are experiencing significant gains in the European Parliament, reflecting a shift in voter sentiment influenced by economic concerns. In Israel, opposition leader Benny Gantz has stepped down from the emergency government amidst political turmoil. Investors are increasingly turning away from sustainability-focused funds, leading to a staggering $40 billion withdrawal this year. Meanwhile, Iran is disqualifying moderates from the presidential race, raising concerns about the country's political landscape.
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EU Election Results
- The EU is shifting right, with far-right parties making gains in the European Parliament elections.
- This shift will influence policies on issues like immigration and green initiatives.
Franco-German Far-Right Gains
- France and Germany, two of the EU's largest members, saw significant gains for far-right parties.
- This could hinder further EU integration as these parties generally oppose a stronger EU.
Shifting Voter Priorities
- Unlike the 2019 elections where climate change was a major issue, this year's focus was on rising costs and inflation.
- This shift in voter priorities led to losses for Green parties and gains for the far-right.