EU Elections Highlight The Rise of the Far Right

France’s far-right National Front has won a nationwide election for the first time, as far-right parties across Europe caused a political “earthquake,” with a string of victories in voting for the European Parliament.

The National Front, led by Marine Le Pen, notched up 24.95% of the vote in France, according to official estimates, well ahead of mainstream parties UMP and the Socialist Party. Le Pen said the win showed that people want to see change in Europe.
France’s Socialist Prime Minister Manuel Valls said the result was “more than a warning. It is a shock, an earthquake.”

Right-wing parties also gained ground in the UK, Denmark and Austria, according to projections posted on the European Parliament’s official elections website.
Voters across Europe have been casting ballots for days in the parliamentary vote. There are 751 seats from 28 countries up for grabs.

via CNN

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza