Anti-globalisation champion Le Pen threatens eurozone future
France's far-right National Front party's Marine Le Pen, who promises to take France out of Nato, the eurozone and the European Union, may be a harbinger of upheaval in Europe.
FAR-RIGHT leaders across Europe, including French presidential hopeful Marine Le Pen, held a political summit last weekend following Donald Trump's inauguration as US president. The meeting in Germany underlines how much right-wing populism seems on the march in key countries across the Western world.
And it is Europe which will provide a lodestar in 2017 for whether this conservative breed of anti-establishment politics will continue to find fertile ground, and potentially change the political complexion of the continent. In elections beginning with the Netherlands in March, where polls indicate the far-right Freedom Party could emerge as the largest single group in the legislature, left and centrist parties are under pressure from insurgency parties championing Eurosceptical, anti-immigrant platforms.
France, which alongside Germany has traditionally been the "twin-engine" of EU integration, will perhaps be the key election to watch. The reason is that the election of National Front candidate Ms Le Pen, who has a realistic, outside shot at victory, and who visited Trump Tower in New York earlier this month, would have big international implications, not least given her campaign promises to take France out of Nato, the eurozone and the wider EU.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Columns
‘Competition for talent’ a poor excuse to keep key executives’ pay under wraps
OCBC should put its properties into a Reit and distribute the trust’s units to shareholders
Why a stronger US dollar is dangerous
An overstimulated US economy is asking for trouble
Too many property agents? Cap commissions on home sales
Time to study broadening of private market access