It was a fun night for the Eurosceptics.
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”.
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for July 29th, 2014 | John Ransom
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