While nationalists surge in EU Parliament, pro-European parties remain dominant
BRUSSELS - Pro-European parties kept a firm grip on the EU parliament on Monday as liberal and green parties matched a surge by eurosceptic parties, who won control of a quarter of seats in European elections for the first time.
Investor sentiment was bolstered by the smaller than expected gains by populist parties. However, the drop in support for the main center-right and center-left blocs could complicate policymaking and require broader cross-party agreements and discipline, market analysts said. Macron and Sanchez were to meet later on Monday, the first in a series of meetings between EU leaders before they gather for a summit on Tuesday evening in Brussels to discuss the outcome of the parliament vote.A stronger voice for the liberals and Greens could see the next EU executive seek a tougher line on regulating polluting industries, taxing multinational companies or demanding trading partners help contain climate change.
Socialist party candidate for European elections Josep Borrell and Spanish acting Prime Minister Pedro Sanchez address the media following election results at the party headquarters in Madrid, Spain, May 27, 2019. REUTERS/Susana Vera
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