Europe: Rightward risks build – Standard Chartered
Standard Chartered argues that Europe’s political balance could shift to the right in 2027, with key elections in France, Spain, Italy and Poland. The bank highlights France’s presidential race as most critical, warning an RN victory would be market negative.
Standard Chartered forecasts a potential rightward political shift in Europe by 2027, following significant elections in France, Spain, Italy, and Poland. The bank warns that a victory for the Rassemblement National (RN) party in France's presidential race could have negative market impacts. A rightward political trend could reshape EU institutions and constrain policies related to climate, migration, and trade.
This shift would be most impactful in the European Council, where far-right leaders could utilize consensus-building to exert influence and threaten national vetoes on unanimous decisions. In Parliament, the European People's Party (EPP) might collaborate more closely with far-right groups under a more right-wing Council. The resulting political paralysis in certain areas could limit the EU's capacity to implement and modify its existing agenda.
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