Brexit will lead to a decrease in the support for a more flexible labour market across the European Union. In fact, over the decades, the British government opposed several EU initiatives aiming at stepping up worker protection, as they implied higher costs for businesses as a whole. The debates regarding the flexibility of the labour market have long haunted the different European institutions, which constantly hesitated about the positions they should adopt while trying to satisfy countries with heterogeneous views on the question. Continue Reading
The results of the French elections are yet another historical event in a very short time interval: for the first time since the founding of the Fifth Republic in 1958, the two major political parties have been voted out of the race in the first round, something inconceivable until recently in a “politically conservative” country like France.
More broadly, the French elections seem to be confirming a trend that we’re seeing elsewhere, ie. Continue Reading
The two major traditional political families that have structured French politics in the past few decades are in their death throes. Neither the Socialist Party (social-democratic) nor the Republicans party (centre-right) are assured of being in the run-off. This development generates high unpredictability with regard to the policies of the next French government, at a time of deep distress for the EU. Continue Reading