German Eurosceptic Party’s Rise Embodies Europe’s Challenges

In two years, Lucke has taken the AfD into the big time — not with rhetoric or personal charisma, but with an academic approach that reassures his older, conservative audiences.

The AfD entered the European Parliament last May with 7.1 percent, then shocked Germany by winning about 10 percent in three regional elections in the east, stealing voters from Angela Merkel’s Christian Democrats (CDU).

The party is now at a crossroads ahead of an election in the city-state of Hamburg next month. If the AfD enters the regional assembly, it would mark its first major success in western Germany, establishing the party as a national force and strengthening Lucke.

Should the AfD fail in Hamburg, the influence of more right-leaning members behind the party’s victories in the east and who are flirting with anti-Islam protesters in Dresden, will grow.

via CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

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