THE BOYS' BRIGADE

Anti-euro parties are on a roll. In a shocking election result in Denmark, Eurosceptic Danish People’s Party Surge in General Election.

The eurosceptic Danish People’s Party could become the largest party in a new right-wing government in a shock result that brings David Cameron a powerful new ally in his bid for EU renegotiations.

The anti-immigrant party took 21.1 percent of the votes, jumping past their Liberal allies to become Denmark’s second biggest party.

With 99 percent of votes counted, Denmark's national broadcasters DR and TV2 projected opposition leader Lars Loekke Rasmussen's bloc would get more than the 90 seats needed to secure a majority in the 179-seat legislature.

"It is completely unreal," said Kristian Thulesen Dahl, the Danish People’s Party (DPP) leader, as he congratulated his party, but he gave no hints even on whether his party wanted to join a ruling Right-wing coalition let alone lead it.

“It’s an astonishing result,” said Ian Manners, a British politics professor at the University of Copenhagen. 

Right-Wing Eurosceptics Look Set to Form a New Government

In the wake of the election, The Independent reports Right-Wing Eurosceptics Look Set to Form a New Government.

Euroskeptic Party Wins Danish Elections

Strator explains things a little better with its analysis: Euroskeptic Party Wins Danish Elections.

The results are in following Denmark's elections, and the Euroskeptic and anti-immigration Danish People's Party (DPP) has won with 21.1 percent of the vote. Denmark's voting system is based on groupings of parties, called voting blocs. To form a government, an individual party's bloc must win an overall majority. This system worked against the Social Democratic Party, the lead party of the incumbent center-left coalition. Although it received 26.3 percent of the vote, its left-wing "red bloc" did not perform as well as the right-wing "blue bloc," in which the DPP is the highest placed.

However the DPP chooses to interact with the government, the party's influence will be significant — and its increased role will impact wider European trends. Recently re-elected British Prime Minister David Cameron is renegotiating the United Kingdom's relationship with Europe and will hold a public "in-out" referendum before the end of 2017. The DPP is part of the same European Conservatives and Reformists Group as Cameron's Tories in the European Parliament and is equally concerned about the erosion of national sovereignty in Europe and perceived high levels of immigration. European Parliament member and DPP vice-chair Morten Messerschmidt said the party's intention is to "make Denmark into Cameron's biggest ally." Indeed, even before the election, the DPP had managed to convince Venstre, which is nominally pro-Europe, to offer its support for Cameron's renegotiation if the blue bloc won. Once the new government takes power, the United Kingdom looks set to gain a firm ally.

The Alternative for Germany party, another member of the European Conservatives and Reformists, is well-positioned to taking advantage of German frustrations with the Greek debt situation. Although the party is currently beset with internal strife, if it emerges united it could also ally with the DPP and the Tories. Poland's Euroskeptic Law and Justice Party, also a member of the right-wing European Parliament group, won the country's presidential election last month and stands to perform strongly in general elections in October 2015. Although some of Cameron's immigration policies might be distasteful to the Polish people, a potential Law and Justice-led government in Warsaw would find common ground on reclaiming sovereignty from the European Union. With all of these likely supporters, Cameron's Conservatives and the DPP have the potential to form an alliance of Northern European parties dedicated to the repatriation of power to European countries.

Euroskeptics on the March

The Stratfor report is via email. I don't have a link for it yet.

Euroskeptic (some spell it Eurosceptic) parties are on the march in Denmark, Greece, France, Spain, Finland, and Poland. We may see renewed life from AfD in Germany.

A potentially huge victory party may be in the works in Spain, where anti-euro party Podemos is flirting with a lead in national elections later this year.

See Shifting Sentiment in Spain: 2011 vs. 2015; Could an Anti-Euro Party Win the 2015 Spanish National Election? for further discussion.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com 

Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific.