Is the EU sinking into fascism?


Not according Deutsche.

The two main take-aways of the election results are (1) the centrist majority in the European parliament is holding as the the right did not outperform and (2) the biggest impact could be at the national level with Macron calling a legislative election.

Centrist majority holds with 56% of total votes – EU likely to continue to run a centrist policy course.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.