European Parliament elections will be held on 22-25 May. In the first of two articles summarising the European and national campaigns, Stuart Brown takes a look at the polls with regard to the composition of the next Parliament. He notes that while Eurosceptic parties are predicted to significantly increase their representation, the race between the European People’s Party and the Party of European Socialists to hold the largest number of seats is still too close to call.
"Further, the current level of economic policy uncertainty exceeds its post-Lehman highs, suggesting that uncertainty is primarily driven by India’s domestic policy challenges, and not by global uncertainty factors such as the withdrawal of unconventional monetary policy in advanced market economies."
Less than a year after its launch, the Trans-Atlantic Trade and Investment Partnership (TTIP) has caused a lot of controversy. This column discusses the challenges the TTIP is likely to face after the election of a new European Parliament. Key political leaders should engage in the TTIP discussions and not leave them to the unelected officials in Brussels. Otherwise, the TTIP may not deliver sizeable economic benefits, or there might not be a negotiation result at all.
The likely success of anti-EU protest parties in the upcoming European Parliament election reveals the depth of Europe's political crisis. To overcome it, Europe's political establishment needs to create a new political vision that combines French and German ideas and concerns.