Archive - May 27, 2014

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Knives being sharpened as the EU starts negotiations on its leadership

Knives being sharpened as the EU starts negotiations on its leadership

The EP elections did not really surprise anyone. One of the much noted aspects was the mounting support for Eurosceptic parties in many countries, including in some of the original six. The Netherlands was bucking the trend as the Eurosceptic PVV of Geert Wilders lost a seat rather than winning several as they had hoped and expected. But in France, the UK, Greece and Denmark the Eurosceptics claimed important victories. Even in Germany, a country normally opposed to extremist parties, the Alternative für Deutschland did much better than expected. This has led some well-respected journalists and other observers to call for changes at the EU. The FT’s Gideon Rachman called it a populist howl that EU leaders cannot simply ignore. He admits that in a currency union “control of economic and fiscal policy can never be fully restored” (which is why he believes in a break-up of the euro). But[...]

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