18 Jun Not another Eurozone crisis!
Key Points
- The success of far-right political parties in EU parliamentary elections & the calling of an election in France have boosted uncertainty by risking a return to the Eurozone crises.
- However, centrist parties still dominate in Europe and support for the Euro is strong.
- Far right success is consistent with a gradual drift towards bigger government & more protectionist economic policies.
- Expect a more constrained and volatile ride from shares.
