Investing.com on Nostr: Analysis-Economy scars voters in run-up to EU election ========== The economic ...
Analysis-Economy scars voters in run-up to EU election
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The economic potential of two new EV "gigafactories" in Dunkirk, France, will not stop locals from backing Marine Le Pen's nationalists in the upcoming EU elections due to a surge in prices for food, heating, and other essentials. The surge in prices has led to anger and falling living standards among Europeans, which is expected to dent support for mainstream parties in the EU assembly elections. The European economy has faced COVID-19 shutdowns and a cost-of-living crisis triggered by global inflation and energy price spikes due to the Ukraine war. The mainstream parties' vision of an open economy and net-zero green transition is being challenged as more Europeans conclude that the economic status quo is not working for them. The share of people at risk of poverty or social exclusion has increased to 21.6%, equivalent to 2.9 million people, the first increase in a decade. The rising cost of living has galvanized voters who already support far-right nativist and identity agendas. The EU assembly elections are expected to see gains for radical right groups, with economic dissatisfaction playing a role. However, the far-right's lack of experience in running economies limits their credibility and appeal in some countries. The economic concerns of voters will shape the composition of the EU assembly and the alliances formed after the elections.
#EuElection #Economy #Farright #CostOfLiving #Poverty #SocialExclusion
https://www.investing.com/news/economy/analysiseconomy-scars-voters-in-runup-to-eu-election-3430935
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The economic potential of two new EV "gigafactories" in Dunkirk, France, will not stop locals from backing Marine Le Pen's nationalists in the upcoming EU elections due to a surge in prices for food, heating, and other essentials. The surge in prices has led to anger and falling living standards among Europeans, which is expected to dent support for mainstream parties in the EU assembly elections. The European economy has faced COVID-19 shutdowns and a cost-of-living crisis triggered by global inflation and energy price spikes due to the Ukraine war. The mainstream parties' vision of an open economy and net-zero green transition is being challenged as more Europeans conclude that the economic status quo is not working for them. The share of people at risk of poverty or social exclusion has increased to 21.6%, equivalent to 2.9 million people, the first increase in a decade. The rising cost of living has galvanized voters who already support far-right nativist and identity agendas. The EU assembly elections are expected to see gains for radical right groups, with economic dissatisfaction playing a role. However, the far-right's lack of experience in running economies limits their credibility and appeal in some countries. The economic concerns of voters will shape the composition of the EU assembly and the alliances formed after the elections.
#EuElection #Economy #Farright #CostOfLiving #Poverty #SocialExclusion
https://www.investing.com/news/economy/analysiseconomy-scars-voters-in-runup-to-eu-election-3430935