The Contrarian

“In the investment markets, what everyone knows is usually not worth knowing.”

The 9 Votes That Could Tear The EU Apart

Brussels and the European Union were furious when UK citizens voted to leave the EU. The “establishment” tried as hard as they could to scare the people of Britain into believing that leaving the EU would be a disaster, most of which has fallen flat. Now it looks like Britain is not the only one who is questioning the “benefits” of being a member of the EU, including outsourcing government authority and sovereignty. Euro-skeptic feelings are now increasing throughout Eastern and Southern Europe.

Europe attitude toward EU - 8-19-16 v2

Europe Support for Non-Mainstrm Parties - 8-19-16 v2

 

Over the next four months, there will be nine elections that will be a strong indicator on whether “The Brussels Project” is losing control.

Here is an excerpt from an interesting article from Bloomberg about the nine vital European elections coming later this year:

Italian referendum: October or November – Italian Prime Minister Matteo Renzi’s job is on the line. Italians will vote on his Democratic Party’s plan to enact the most ambitious government overhaul in decades: Stripping the upper house of parliament of the ability to bring down governments. The number of senators would be cut by two-thirds. Renzi pledged to quit if he loses, a move that could benefit the anti-establishment Five Star Movement. Five Star, which supports a referendum on Italy’s euro membership, has already overtaken Renzi’s Democratic Party in at least one poll.

Austrian presidential election: October 2 – Austria’s far-right Freedom Party will get another chance at the highest office after a court rescinded the May 22 presidential election. The Freedom Party is polling well ahead of traditional parties nationally.

Hungary referendum: October 2 – Prime Minister Viktor Orban called the vote on whether the EU should be able to order Hungary to accept the settlement of migrants without parliament’s consent. Orban will rely on huge majorities opposing such moves to whip up anti-EU sentiment — which could lead to an EU exit vote.

Croatian parliamentary election: September 11 – Croatians will vote for the second time in less than a year after the wobbly coalition formed after November’s election collapsed in June.

German state elections: September 4 and 18 – The two state contests will offer clues on whether populist anti-immigrant Alternative for Germany is managing to capitalize on recent attacks to build opposition to Merkel’s handling of the refugee crisis.

Czech regional elections: Scheduled for October – Regional elections in the Czech Republic will test Prime Minister Bohuslav Sobotka’s control over his Social Democratic party. Sobotka’s party is trailing billionaire Finance Minister Andrej Babis ANO’s Party, which opposes increased EU integration and Czech membership in the euro area.

Regional elections, Spain’s Basque Country: September 25 – The Basque nationalists will likely return to Madrid with requests for more money and local empowerment, adding to the strain on a constitutional model that’s struggling to handle national divisions and a separatist push in Catalonia.

Lithuanian parliamentary election – October 9

Romanian parliamentary election – November or early December

Just like in the US, the people of Europe are waking up and are now no longer afraid to question whether policies, such as open borders, are truly in the best interests of the country’s citizens. The establishment can and will do all they can to sway these elections in their favor, but never underestimate the power of informed citizens that know they have been taken advantage of.

Read the full article here: http://www.bloomberg.com/news/articles/2016-07-31/europe-elections-2016-17-the-votes-to-watch