Page 20 - Bloomberg Businessweek - November 19, 2018
P. 20

Bloomberg Businessweek                     The Year Ahead 2019                         Politics
         Brexit



























        ▷ In fits and starts, the U�K� is leaving the European Union—just in
        time for parliamentary elections that could decide the bloc’s fate


        The European political fabric changes for good at   The EU Parliament’s task is to
        11 p.m. London time on March 29, 2019, when the   act as a check on the European
        U.K. is scheduled to leave the European Union   Commission, the bloc’s unelected
        after 46 years of membership. The date is a neat   executive arm, whose president and
        fit: It comes just two months before every adult   commissioners it must approve.
   56
        citizen of the bloc’s remaining 27 countries gets   This includes voting on laws the
        to vote for members of the European Parliament,   commission proposes. Each mem-
        and by Brexit day campaigns will be in full swing.   ber state has a number of seats
           EU elections have often revealed more about   apportioned by population, from 96
        the direction of domestic politics than the senti-  for Germany to six each for Cyprus,
        ments of European voters at large. In many coun-  Luxembourg, and Malta. Elections
        tries, the twice-a-decade votes have evolved into   will take place from May 23 to 26, and
        a protest, a reaction to who’s in charge at home   while individual countries have some
        rather than a referendum on how the bloc is   freedom over how the election is orga-
        managed. But 2019 will be different—because   nized, some form of proportional represen-
        in many countries the role of the EU now dom-  tation is mandatory.
        inates domestic politics, too, whether because   Candidates are generally chosen by and rep-
        of the bloc’s role in managing the refugee crisis,   resent national parties; those parties often come
        controlling government spending, or demand-  together to form pan-EU caucuses. Since direct
        ing more respect for democracy.            elections were introduced in 1979, the pillars of the
           Nationalist groups are on the rise in Germany,   two mainstream pro-EU  alliances—the  center-right
        have won political victories in Italy and Austria,   European People’s Party and the   center-left
        and are in power in Hungary and Poland. Other   Socialists—have together held a majority. The
        nations, from France to Sweden, Spain to Finland,   EPP is dominated by German Chancellor Angela
        flirt with their own movements that pledge to rip   Merkel’s Christian Democratic Union. Merkel’s
        up the established order. “The world is fractur-  decision not to run for another term as chancellor
        ing, new disorders are appearing, and Europe   in 2021 after losses in recent state elections robs the
        is tipping almost everywhere toward extremes   mainstream of its most powerful leader at a cru-
        and again is giving way to nationalism,” French   cial moment and highlights the difficulties for the
        President Emmanuel Macron said in an Oct. 16   center parties. Many of the CDU’s traditional  voters
        televised address. “Those who do not see what   have gone either to the Greens on the left or the        PHOTOGRAPH BY PIPPA DRUMMOND FOR
        is going on around us are sleepwalking.” Next   Alternative for Germany on the far right.                 BLOOMBERG BUSINESSWEEK
        year’s vote is shaping up to deliver a verdict on   While EU Parliament elections are notoriously
        the whole 60-year European experiment.     difficult to predict, the successes recorded by
   15   16   17   18   19   20   21   22   23   24   25