European Greens wiped out

Friday 14 June 2024

The woke counter-reformation is here with bells on now. Albert Edwards at Societe General has more.

While lower than expected May US CPI data confirmed the general retreat in inflation back to the centralbank’s 2% target, a new disinflationary force may just have been unleashed.

Sunday’s EU election results were a shock not so much for the advance of the‘far-right’, which was widely predicted, but for the slump in Green Party support.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.