Mike Shedlock

It was a fun night for the Eurosceptics.

  • Nigel Farage's UKIP was the top vote getter in the UK with about 29% of the vote
  • Marine Le Pen's Front National party was the top vote getter in France with 26% of the vote
  • The Danish People’s party is the largest party in Denmark with about 25% of the vote
  • Beppe Grillo's Five Star Movement is a likely second-place finisher in Italy
  • Alexis Tsipras' Syriza part is the top vote getter in Greece with about 26% of the vote

Eurosceptic Earthquake

The Financial Times reports Ukip Leads Populist Earthquake.

The UK Independence party and France’s far-right Front National stormed to victory in European elections on Sunday night, as populist and nationalist parties across the continent dealt a heavy blow to the European project.

Nigel Farage, Ukip leader, said the result represented an “earthquake”, while Marine Le Pen, the FN leader, said that there had been a “massive rejection of the EU”; mainstream politicians struggled to come to terms with what had happened.

Manuel Valls, the French socialist prime minister, called the FN victory “a shock, an earthquake that all responsible leaders must respond to”, as President François Hollande prepared to convene his cabinet to discuss the result.

In Britain, Labour was battling with Tories for second place , with the opposition party expected to just edge it. Nick Clegg, the pro-European Liberal Democrat leader who confronted Mr Farage in two televised debates on Europe, was set to lose most of his 12 MEPs. By 2am the Lib Dems had won just one seat, with London results delayed. Danny Alexander, Lib Dem Treasury minister, said the results were “pretty awful”.

Mike Shedlock

Mike Shedlock is a registered investment advisor representative for Sitka Pacific Capital Management.

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