Monday, May 27, 2019

Nationalists surge in EU Parliament, but pro-EU parties remain dominant
Read more at https://www.channelnewsasia.com/news/world/nationalists-surge-in-eu-parliament--but-pro-eu-parties-remain-dominant-11567462

27 May 2019 06:47PM
Lam Chian Leong
Socialists, Greens, liberals and conservatives with 507 of the 751 seats in the EU Parliament, which helps pass laws for more than 500 million Europeans.

The search for a majority, as well as securing the top EU jobs, will now dominate as pro-EU groups seek to shield the EU from anti-establishment forces, who want to break up the world's largest trading bloc but who are split over its future.
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(1) So it look like the Pro-EU groups have managed to re-gain the majority and prevent the anti-establishment group from winning and breaking the EU - the largest trading bloc of US$21 trillion GDP.

(2) For now, think the worst is over for at least another 5 years. A great relief - that the World will not see another Trump-like emerging from the EU bloc.

(3) And hopefully, those Countries who sign the FTA with EU will be intact.


(4) If EU had also fallen to protectionism, nationalism and populism like US - the World GDP will be cut into half - as US and EU make up half of the World GDP.
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