The 2024 European Parliament elections took place between 6 and 9 June 2024. The results indicate that the centrist parties should be able to form a working coalition. The European People’s Party (EPP) increased its parliamentary seats. At the same time, parties such as Identity and Democracy (ID) and European Conservatives and Reformists (ECR) with far-right credentials also gained seats.
- Election outcome: The EU elections concluded with centrist parties, such as the European People’s Party, remaining in the lead. However, some far right parties such as Identity and Democracy and European Conservatives and Reformists also increased their presence in the European parliament. The far-right parties may try to slowdown new green policies, but it’s unlikely they will overturn existing climate rules that have already become law.
- Priorities for the next European Parliament: The new Commission will likely focus on priorities such as efficiency of climate regulations. Security and defence, as well as the EU’s geopolitical positioning, will become top priorities of the new Commission.
- Challenges and opportunities for Europe: Europe has strengths that can mobilise. In order to keep the pace and overcome the medium-term challenges of the EU economy (i.e. poor demographics, weak research investment), the region needs to enhance economic and financial integration, improve fiscal governance and strengthen the capital market union.
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