Businesses Relieved as EP’s Centrist Majority Holds Amid Far-Right Surge

European businesses express relief as centrist, pro-EU parties secure a majority in the European Parliament post-elections, emphasizing the urgency for quick decision-making. Despite concerns over the far-right's rise in some member states, projections suggest a new centrist majority is foreseeable.

The impact of the far-right's success is notable, with their representation now at 21.5% in the Parliament, signaling potential shifts in major EU policies. While some right-wing figures like Bannon celebrate the far-right's gains, voters predominantly backed centrist parties, prompting alliances with new populist groups.

The presence of more climate-denying MEPs raises fears for the Green Deal's future, potentially slowing down ambitious climate actions. The reconfiguration of the extreme right poses dilemmas for conservative parties, risking ideological shifts that could influence the EU's future trajectory.

Crucial decisions lie ahead as Ursula von der Leyen seeks a majority for a second term, facing uncertainties amidst changing political landscapes and potential kingmaker roles within the EPP.