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☆ EPP secretary general: Very clear message from the electorate
▼ + stars: | 2024-06-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEPP secretary general: Very clear message from the electorateThanasis Bakolas, the secretary general of the EPP, speaks to CNBC's Silvia Amaro after EU election results.

Persons: Bakolas, CNBC's Silvia Amaro Organizations: EPP

☆ We can maintain pro-European, pro-democratic majority in EU Parliament, MEP says
▼ + stars: | 2024-06-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe can maintain pro-European, pro-democratic majority in EU Parliament, MEP saysPedro Marques, vice-president of the Progressive Alliance of Socialists & Democrats, discusses far-right gains in the European Parliament elections.

Persons: Pedro Marques Organizations: EU, Progressive Alliance of Socialists, Democrats

☆ French snap election 'akin to the Brexit vote,' Allianz economist says
▼ + stars: | 2024-06-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFrench snap election 'akin to the Brexit vote,' Allianz economist saysLudovic Subran, chief economist at Allianz, says French President Emmanuel Macron has tied his future to the future of Europe after calling a snap election following steep losses for his party at the EU elections.

Persons: Ludovic Subran, Emmanuel Macron Organizations: Allianz Locations: Europe

☆ German coalition government will continue to 'muddle through,' Jörg Asmussen says
▼ + stars: | 2024-06-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGerman coalition government will continue to 'muddle through,' Jörg Asmussen saysJörg Asmussen, former ECB board member and former German deputy finance minister, discusses the outcome of the EU election in Germany.

Persons: Asmussen, Jörg Asmussen Organizations: ECB Locations: Germany

☆ European markets head for lower open after surge for right-wing parties in EU election
▼ + stars: | 2024-06-10 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

An employee enters sliding doors decorated with the stars of the European Union (EU) flag at the Berlaymont building, headquarters of the European Commission (EC), in Brussels, Belgium, on Tuesday, Jan. 28, 2020. LONDON — European stocks are expected to open lower Monday as traders react to initial results from the EU Parliament elections which suggest far-right parties have surged in popularity. The U.K.'s FTSE index is seen 57 points lower at 8,193, Germany's DAX 45 points lower at 18,507, France's CAC 40 down 45 points at 7,952 and Italy's FTSE MIB 60 points lower at 34,629, according to IG. Regional markets will be focused on the results of EU parliamentary elections, which took place over the last few days. The EU election drama was rounded off Sunday evening when French President Emmanuel Macron called snap parliamentary elections later this month after suffering a heavy defeat in the EU vote.

Persons: Germany's DAX, Emmanuel Macron Organizations: European Union, European Commission, LONDON, CAC, IG, Regional Locations: Brussels, Belgium, Britain, EU

☆ EU election outcome 'really good news' for Germany's FDP, lead candidate says
▼ + stars: | 2024-06-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEU election outcome 'really good news' for Germany's FDP, lead candidate saysMarie-Agnes Strack-Zimmermann, newly elected German MEP for the Free Democratic Party (FDP), discusses the election outcome and the path ahead for the bloc.

Persons: Marie, Agnes Strack, Zimmermann Organizations: Germany's FDP, Free Democratic Party

☆ EU election 'results in Germany destabilize the already unstable coalition': Fratzscher
▼ + stars: | 2024-06-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEU election 'results in Germany destabilize the already unstable coalition': FratzscherMarcel Fratzscher, the president of the German Institute for Economic Research, speaks to CNBC's Annette Weisbach following the EU election result.

Persons: Fratzscher Marcel Fratzscher, CNBC's Annette Weisbach Organizations: EU, German Institute for Economic Research Locations: Germany

☆ Far right makes strong gains in EU elections as center holds majority
▼ + stars: | 2024-06-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFar right makes strong gains in EU elections as center holds majorityPopulist, far-right parties won record support in this year’s European Parliament elections, according to provisional results on Monday. CNBC has the full break down.

Organizations: CNBC

Members of European Parliament attend a plenary session in Brussels on April 10. John Thys/AFP/Getty ImagesThe European Parliament is the legislative branch of the European Union and one of the bloc’s three main institutions, along with the European Commission, which is the executive branch, and the European Council, which is made up of ministers from the governments of the 27 member states. In order for any legislation to be implemented, both the council and parliament have to agree. It often has the final word on major policy issues such as the budget, trade and sanctions on foreign nationals. For example, A comprehensive mutual investment agreement between the EU and China is effectively on hold while some MEPs are under sanctions from China.

Persons: John Thys, Germany’s Ursula von der Leyen Organizations: European, Getty, European Union, European Commission, European Council, EU Locations: Brussels, AFP, Belgium, Strasbourg, France, China

☆ Far right makes big gains in EU elections as center right holds majority, early data indicates
▼ + stars: | 2024-06-09 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Populist, far-right parties have won record support in this year's European Parliament elections, early exit polls indicated Sunday. The center-right European People's Party (EPP) is once again projected to win the most parliamentary seats, with a marginally bigger majority than before. The projection is based on exit polls, national estimates and pre-election polling data, and follows a four-day, EU-wide vote. The European Parliament, which is responsible for deciding EU laws and budgets, is the only directed elected institution within the bloc. It is made up of Members of European Parliament (MEPs), who are elected by each member state and come together to form European party groups.

Organizations: Populist, European Conservatives, European People's Party, EPP, Europe, Greens, European Free Alliance, EU

☆ The right-wing surge in EU Parliament could have implications for Europe and beyond
▼ + stars: | 2024-06-09 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +5 min

Right-wing parties across Europe have seen a surge in support over recent years and are set for record gains in the 2024 European Parliament elections. Meanwhile, an emboldened ID party could apply pressure on Parliament to alter its stance on other contentious issues. Here's a look at how these shifts could impact EU policy. "The incoming Commission and Parliament are likely to continue the trend towards greater protectionism and intervention in strategic industries, although the EU will remain an open, trade-dependent economy," they wrote. EU enlargementElsewhere, enlargement of the EU could face further setbacks with a larger euroskeptic presence in Parliament.

Persons: Sean Gallup, Armida van Rij, Chatham House thinktank, Verisk, Mario Bikarski, Laurent Balt, van Rij, Dorien Rookmaker, Balt Organizations: Getty, Populist, Sunday, Greens, European Free Alliance, European People's Party, EPP, European Conservatives, Eurasia Group, Chatham House, CNBC, Immigration, Citi, ECR, EU Locations: Europe, Ukraine, Russia, China, U.S

☆ Far-right, nationalist parties gain strong support in European Parliament election
▼ + stars: | 2024-06-09 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewEarly results for the European Union's parliamentary elections reveal a surge in support for far-right and nationalist parties, according to multiple reports. AdvertisementAP noted that since the 2019 European Parliament elections, far-right politicians have led in Hungary, Italy, and Slovakia and are part of ruling coalitions in Sweden, Finland, and the Netherlands. The parties have gained support in large part due to anti-immigration and anti-LGBTQ+ sentiment, as well as policies focused on nationalism and identity, The Times reported. Representatives for the European Parliament did not immediately respond to a request for comment from Business Insider.

Persons: —, Emmanuel Macron, Marine, Pen, Macron's, Macron, Olaf Scholz Organizations: Service, European, EU, The New York Times, Business, Sunday, France's National Assembly, National, Street, Associated Press, Germany's Social Democratic, Times, European Union Locations: France, Germany, France's, Italy, Belgium, Austria, Hungary, Slovakia, Sweden, Finland, Netherlands, Ukraine, Russia

☆ European voters head to the polls on final day of EU election
▼ + stars: | 2024-06-09 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

This photograph shows European countries' flags waving in front of the European Parliament building in Strasbourg, eastern France, on June 6, 2024. Over 400 million people are eligible to vote for the 720 members of the European Parliament (MEPs). Voter turnout was just above 50% in the last EU election of 2019, according to official data. This includes Dutch nationalist Geert Wilders' anti-immigration party, which recorded significant gains in Thursday's Netherland's EU election, according to the latest exit polls. The European Parliament

Persons: SEBASTIEN BOZON, Sebastien Bozon, Geert Wilders, Wilders Organizations: Getty, Afp, Union, EU, Parliament, Thursday's Netherland's EU, Labour, Green, Party for Freedom Locations: Strasbourg, France, AFP, Austria, Belgium, Germany, Malta, Greece, Europe, Thursday's Netherland's, Netherlands, Czech Republic, Latvia, Slovakia, Ireland

☆ Germany outlines wartime plans: Mandatory conscription and subway stations as bunkers
▼ + stars: | 2024-06-09 | by ( Sophie Tanno | ) edition.cnn.com time to read: +5 min

CNN —Conscription, rationing, and subway stations turned into bunkers. For the first time since the Cold War, Germany has updated its plans should conflict erupt in Europe, with ministers citing the threat posed by Russia. It also outlines civil protection measures including transforming underground stations into makeshift bunkers and preparing hospitals for an influx of patients. Unveiling the plans, German Interior Minister Nancy Faeser said it was necessary for her country to arm itself better in the face of Russian aggression. ‘Ready for war by 2029’Germany’s updated wartime plans come as Russian President Vladimir Putin presents an ongoing security threat to Europe.

Persons: Nancy Faeser, ”, “, Vladimir Putin, Pistorius, Der Spiegel, ” Pistorius, Putin, Ben Wallace Organizations: CNN, Overall Defense, German, NATO, Deutsche Welle, UK, Wednesday Locations: Germany, Europe, Russia, Ukraine, –, Baltic, Britain, Moscow

☆ America's Economic Plan Will Hurt World Economy, Global Stock Markets
▼ + stars: | 2024-06-09 | by ( Linette Lopez | ) www.businessinsider.com time to read: +11 min

The European Central Bank began easing interest rates on Thursday, cutting its benchmark rate by 0.25%. Investors and economists expect the Federal Reserve to follow suit and cut interest rates in September. This combination means there's a good chance that the September cut Wall Street is praying for may never materialize. The US already has somewhat higher interest rates than other countries — the Fed's benchmark rate is 5.25%- 5.50%. And in Asian economies, where interest rates are already significantly lower than in the US, things could get even messier.

Persons: Tamara, Vasiljev, Peter Schaffrik, Nigel Green, Green, we're Organizations: European Central Bank, Investors, Federal Reserve, Oxford Economics, JPMorgan, UBS, Bloomberg, of International Finance, Markets, RBC Capital Markets, deVere, Fed, We're, ECB, Bank of, EU, Bank of Canada, Bank of Canada's, Bank of England Locations: stagflation, China, Europe, Japan, South Korea, It's, America, United States, EU, Bank of England, Canada, East Asia

☆ Far right surges in European Parliament elections but center still holds
▼ + stars: | 2024-06-09 | by ( Christian Edwards | ) edition.cnn.com time to read: +4 min

CNN —Far-right parties are predicted to win a record number of seats in the European Parliament, a result that, if confirmed, would deliver a stinging rebuke to Brussels’ political mainstream and add uncertainty to Europe’s future direction. Most of the far-right gains were concentrated in countries that elect large numbers of seats: France, Italy and Germany. Alternative for Germany (AfD) party co-leaders Alice Weidel and Tino Chrupalla cheer the exit poll in Berlin, Germany, June 9, 2024. Annegret Hilse/ReutersWhile the far-right surge may further complicate Brussels’ bid for unity, the far-right parties themselves remain relatively divided. Several other far-right parties are among the non-aligned (NI) group, predicted to secure 45 seats.

Persons: Ursula von der Leyen, –, ”, Europe’s centrists, Le, Emmanuel Macron, Jordan Bardella, ” Macron, Brigitte Macron, Stephane Lemouton, Olaf Scholz, Scholz, shored, ” von der Leyen, Alice Weidel, Tino Chrupalla, Annegret Hilse, Maximilian Krah, Roberta Metsola Organizations: CNN, European People’s Party, EPP, Macron’s Renaissance Party, Socialists, Social Democrats, Christian Democrats Party, CDU, EU, Forces, Reuters, Nazi, SS, Brussels Locations: Brussels, France, Italy, Germany, France’s, Europe, Britain, Russia, Ukraine, Kyiv, Berlin

☆ France's Macron calls for snap election after losing big to the far right in EU vote
▼ + stars: | 2024-06-09 | by ( Katrina Bishop | ) www.cnbc.com time to read: +1 min

French President Emmanuel Macron on Sunday said he would dissolve the country's parliament and call for a new legislative nationwide vote after suffering a heavy defeat at EU elections. After requesting that Macron call an election, Le Pen welcomed the news, saying on X: "We are ready for it." It's a risky move by Macron, who could be left with no control over France's domestic issues if RN wins a parliamentary majority. The first round of the parliamentary election will take place on June 30, with the second round on July 7, Macron said. The center-right European People's Party (EPP) is once again projected to win the most parliamentary seats, however, with slightly more seats than before.

Persons: Emmanuel Macron, Macron, Le Pen, isn't, — CNBC's Charlotte Reed Organizations: EU, France TV, Macron's, CNBC, European People's Party, EPP Locations: Elysee, Paris, France

☆ Europe’s center ground is shifting further to the right
▼ + stars: | 2024-06-09 | by ( Luke Mcgee | ) edition.cnn.com time to read: +6 min

And while the far right is on course to make large gains, the center parties remain ahead. For those on the center right, domestic political shifts to the hard right could make working with the hard right increasingly attractive at a European level. The deadline for this is months away, which leaves a lot of time for horse-trading, which could see elements of the center right and hard right cooperate. It’s not implausible that the center right could vote with the left on issues like support for Ukraine, but then work with the hard right on immigration and climate policy. That was the result of years of domestic politics shifting in the UK, the center right shifting to fend off the hard right, ultimately leading to that rupture.

Persons: –, it’s, It’s, Emmanuel Macron, Pen, Macron, Brothers, Benito Mussolini, Ursula von der Leyen, she’s Organizations: CNN, European Union, EU, European People’s Party, Socialists, Democrats, Europe Greens, Conservative Reformers, European Locations: Europe, Ukraine, Brussels, Netherlands, France, Italy, EU

☆ Biden and Macron talk Middle East and Ukraine in French state visit
▼ + stars: | 2024-06-08 | by ( ) www.cnbc.com time to read: +4 min

French President Emmanuel Macron and U.S. President Joe Biden stand together onstage during an official State Arrival Ceremony for President Macron on the South Lawn of the White House in Washington, U.S., December 1, 2022. Fresh from commemorating the 80th anniversary of D-Day, French President Emmanuel Macron welcomed U.S. President Joe Biden in Paris on Saturday for a state visit that included talks about the Middle East, Ukraine and trade. Biden hosted Macron for a state visit at the White House in 2022. A U.S. Treasury official said on Tuesday the United States and its G7 partners were making progress on that. Despite his criticism of the IRA during his state visit to Washington in 2022, Macron and European allies have since won few concessions from Washington.

Persons: Emmanuel Macron, Joe Biden, Macron, Biden, Biden's, Republican Donald Trump, Vladimir Putin, Putin, We're, Volodymyr Zelenskiy, Zelenskiy Organizations: White, U.S, Hamas, Republican, Elysee, Biden, Australia, White House, Kyiv, U.S . Treasury, Ukraine, U.S . Congress Locations: Washington , U.S, Paris, East, Ukraine, Gaza, Israel, Lebanon, Iran, Russian, U.S, United States, France, Europe, Washington, Macron, America

Stock price information reflected on a window at the Euronext NV stock exchange in Paris, France, on Monday, March 13, 2023. LONDON — European stocks closed lower on Friday, as investors digested fresh U.S. jobs data and the European Central Bank's latest interest rate commentary. All major bourses and almost all sectors traded in the red, with utilities down 1% as health-care stocks added 0.5%. U.S. stocks were mixed following the release, with the S&P 500 hitting a fresh record high as the Nasdaq Composite dipped. Closely behind was Geert Wilders' anti-immigration party, which looks set to have won seven seats.

Persons: Dow Jones, Geert Wilders Organizations: LONDON, Central, Nasdaq, Labour Locations: Paris, France, U.S, Europe, Netherlands

☆ China's exports grow more than expected in May, up by 7.6%
▼ + stars: | 2024-06-07 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — China's exports in May grew faster than expected, while imports missed forecasts, customs data showed Friday. Exports rose by 7.6% in May from a year a go in U.S. dollar terms, beating expectations for 6% growth, according to a Reuters poll. In April, China's exports rose by 1.5% year-on-year, while imports climbed by 8.4%. China's imports and exports to the U.S. and EU fell during that time, according to CNBC calculations of official data. China's exports to Russia fell during that time, while imports from Russia rose by 7.5%.

Organizations: BEIJING, Reuters, ., CNBC, Association of Southeast Locations: U.S, EU, Nations, Russia

☆ Video: See how Europe’s far-right are campaigning ahead of EU elections
▼ + stars: | 2024-06-07 | by ( Clare Sebastian | ) edition.cnn.com time to read: 1 min

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☆ Parties 'skeptical' toward the EU are the most likely winners, professor says
▼ + stars: | 2024-06-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailParties 'skeptical' toward the EU are the most likely winners, professor saysStefan Auer, an associate professor at the University of Hong Kong, discusses the elections that are set to take place across the EU from June 6 to June 9.

Persons: Stefan Auer Organizations: University of Hong Locations: University of Hong Kong

☆ EU elections kick off against a backdrop of China disputes, 'greenlash' and possible Trump return
▼ + stars: | 2024-06-06 | by ( Silvia Amaro | ) www.cnbc.com time to read: +4 min

Laurie Dieffembacq | Afp | Getty ImagesThe political makeup of the European Union is about to change with voters across the 27 member states heading to the polls from Thursday until Sunday. Trump has previously remarked that he would not protect NATO countries from Russian attacks if they lag on their membership payments. Green pledgesIn the wake of the 2019 EU elections, the bloc claimed it was the global champion on a climate-friendly agenda. "This could include more support for nuclear power or even support fracking for cheaper and more reliable gas," they added. "An even larger Eurosceptic representation is also likely to weigh against bold reforms which could make enlargement difficult," the analysts said.

Persons: Hadja, Laurie Dieffembacq, Joe Biden, Donald Trump, Biden, Trump, Green, Giorgia, There's Organizations: Belgian, Afp, Getty, European, CNBC, U.S . European Union, U.S, EU, NATO, European Commission, Citi, Bloomberg, European Union Locations: European Union, Europe, U.S, Ukraine, China, Brussels, Beijing, Italy, Rome, Kyiv

☆ UK's populist right-wing party surges in popularity on Brexiteer Nigel Farage's return
▼ + stars: | 2024-06-06 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Reform UK party leader Nigel Farage walks to speak to supporters as he launches his election candidacy at Clacton Pier on June 4, 2024 in Clacton-on-Sea, England. Labour is expected to win 40% of votes to the Conservatives' 19% and Reform's 17%, the online polling showed. Farage's surprise return as Reform leader on Monday dealt a deadly blow to the party, threatening to steal a significant share of votes on the right. In the 2019 election, his then-Brexit Party agreed not to field candidates in hundreds of seats to safeguard a Conservative win. The announcement hurts Sunak's earlier efforts to win right-wing votes by hardening the Tories' stance on migration and the U.K.'s membership of the European Convention on Human Rights.

Persons: Nigel Farage, Rishi Sunak's, Farage, — Organizations: Clacton Pier, Reform, Sky News, Labour, Conservatives, Conservative, Brexit, Tories, Brexit Party, European, Human Rights Locations: Clacton, England, London

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