It’s seldom that European politics can rival the “buckle up, we are in for a wild ride” quality that you often see in South African politics, but the recent EU elections are a good example of how politics around the world is changing in ways that should make everybody sit up and take notice. The bottom line is that politics is fracturing, and that result is apparent not only in Europe, but around the world. The consequences are unpredictable and could involve surprises we cannot yet anticipate.
The fact is that the positions of both wings have hardened, which will make Brexit even more difficult to achieve. I happened to be travelling in Europe as these events unfolded, and the view of the tiny sample of people I met was that the Tories lost because they had one job and they flunked it. They were supposed to deliver Brexit and they didn’t. Labour’s previous successful strategy of sitting on the fence is now outmoded, so they failed too.
France’s Socialists won 6% of the vote. In Germany, the CDU/CSU alliance remains the biggest party, but by comparison with previous elections, it got thumped. But the victors were not the far-right parties; the second largest party in Germany in this election was the Greens, which for decades has got a tiny slice of the vote. Farage’s Brexit Party will now have more seats in the European parliament than Angela Merkel’s CDU. It’s incredible.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BUSINESS MAVERICK — INVESTMENT ANALYSIS: Beyond traditional investments: cranes, planes and rock ’n rollCranes, planes, and rock and roll don’t seem to quite fit into the world of hard-core investments, but you may already have them in your portfolio. What are they doing there?
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK — INVESTMENT ANALYSIS: Naspers: to infinity and beyondCape Town based internet firm, Naspers, has announced it will list a subsidiary company, Newco, on the Euronext exchange in July. Newco will hold all of Naspers offshore technology assets, including Tencent, OLX and PayU, and will have a secondary inward listing on the JSE. Naspers will remain listed on the JSE.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Cartoon Friday: RicoU misleading the nation, ANC bankrupted VBS not EFF
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: South Africa’s carbon tax raises questions and hot airAs of Saturday 1 June, South Africa’s government is taxing carbon. This policy is designed to make polluters pay and help the continent’s most industrialised economy meet its targets to reduce the emissions of greenhouse gases linked by most scientists to climate change – the burning ecological issue of our era. But is it an appropriate policy for a developing economy with energy-intensive industries?
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: SAA CEO Jarana resigns, placing SAA’s turnaround plan in questionNot again. Not another one. SAA CEO Vuyani Jarana has resigned, becoming the eighth SAA CEO to resign in the space of six years, raising the question of whether the airline is now so run down from years of mismanagement and corruption that it's possible to save it at all. And there is the niggling issue of whether government even wants to save it.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Liquidity risks haunts China’s fast-growing bond marketsJust as Beijing is opening up to outsiders its byzantine regulatory framework and patchy trading volumes could cause a shock in the country’s debt market. But pravingordhan must be held account him and PresJGZuma there is no difference all have violated the constitution. Pravin is not above the law. Did u get that clear?
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: Once bulletproof, listed property stocks are flounderingThe listed property sector managed to ride out the economic and political turmoil during the corrosive Jacob Zuma years. Investors backing listed property stocks were consistently rewarded with inflation-beating dividends. However, worsening trading conditions are dampening results and forcing companies to downgrade their dividend growth.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: After gobbling up Lonmin, the Sibanye juggernaut rolls onSibanye-Stillwater and Lonmin shareholders on Tuesday 28 May 2019 approved a takeover offer by the former for the latter. This marks the end of one era in South African platinum as Lonmin, formerly linked to Lonrho, rides off into the sunset, with a history stretching back over a century. And a new era is in the offing, as Sibanye becomes the world’s largest primary producer of platinum group metals (PGMs), with an eye on expanding into battery metals.
Source: dailymaverick - 🏆 3. / 84 Read more »