Nationalists Surge In EU Parliament Vote, But Pro-EU Parties Remain Dominant | 5/27/2019 | Staff
tiazanne (Posted by) Level 3
BRUSSELS (Reuters) – Pro-European parties retained a firm grip on the EU parliament, provisional results from the bloc’s elections showed on Monday, though eurosceptic opponents saw strong gains.

The far-right and nationalists in Italy, Britain, France and Poland came out on top in their national votes on Sunday, shaking up politics at home but failing to dramatically alter the balance of pro-European power in EU assembly.

EU - Level - Results - GMT - Monday

At the EU level, provisional results published at 00:00 GMT on Monday showed the Socialists, Greens, liberals and conservatives with 506 of the 751 seats in the parliament that helps pass laws for more than 500 million Europeans.

While policy-making is likely to be difficult given the breakdown of a “grand coalition” of the center right and center left, the result shields the EU from anti-establishment forces seeking to break up the world’s largest trading bloc.

Bond - Yields - Record - Retention - Majority

Spanish and Portuguese bond yields hovered around record lows as the retention of a strong majority in the EU Parliament by pro-EU parties bolstered investor sentiment.

“We are going to build a social Europe, a Europe that protects,” Spain’s Prime Minister Pedro Sanchez, whose revival among Spanish voters offset a fall in center-left support in Germany, told a news conference late on Sunday night.

President - Emmanuel - Macron - Renaissance - Platform

President Emmanuel Macron’s Renaissance platform, built on the ruins of French center-left and center-right parties, added to gains for liberals at the EU level while support for the Greens surged, giving four groups the pro-EU middle ground and holding on to two-thirds of seats.

Cries of “Europe is back” among voters waving blue and gold EU flags outside European Parliament in Brussels on Sunday night also showed the ebullient mood among Europeans delighted with a sharply higher turnout across the bloc.

Turnout - World - Election - % - %

Turnout in the world’s second-biggest election rose to 51% from 43% in 2014, its highest in 20 years. It was the...
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