Polish Elections Show Rise of Conservative Politics

The triumph of the conservative, anti-immigration Law and Justice party (PiS) in Poland’s elections at the weekend demonstrates how the refugee crisis could play into the hands of anti-European Union parties.

Jaroslaw Kaczynski, the head of euroskeptic Law and Justice, whose twin brother Lech famously died in a plane crash while president of Poland, played on the electorate’s fears during the campaign by claiming that refugees were bringing diseases like cholera and dysentery to Europe.

The party won with 39.1 percent of the vote, far ahead of governing Civic Platform, the party of the President of the European Council Donald Tusk, on 23.4 percent.

“I don’t think the party really wants to leave Europe, they just want Poland to be more assertive when it comes to things like Europe’s response to the refugee crisis,” Pawel Swidlicki, a research analyst at Open Europe, told CNBC Monday.

“Kaczynski has made no secret of his admiration for (right-wing Hungarian Prime Minister Viktor) Orban and his desire to imitate his policies in the past, although that has waned slightly since Orban moved closer to Putin.”

via CNBC

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 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