May 22 - European Parliamentary elections begin on Thursday. With up to a third of the vote likely to go to Eurosceptic parties, Nomura’s Alastair Newton says progress towards banking union could stall.
I'm Alistair Newton senior political analyst at Nomura international PLC to. It's. It looks like the European parliamentary elections is gonna give us something between 1925%. 33 cents at the parliamentary seat occupied by. What want who reportedly kept prices -- skeptic. Politics of one description -- that doesn't have rights to cents a -- Norris got to outright -- a skeptic. Outright Europe. Pity that he's going to have something. On the activities all the European Parliament -- -- believe it's -- nineteen. Actions will continue to act. Policy -- And the legislation regulation will still push -- productivity problems. In most instances but where there is -- left right he replied it is going to be more difficult. To form a consensus. To get a and that's gonna slow down progress with. And other ventures which would. Post crisis. But the more important impact. Is almost certain density from mainstream politics and government. In the United States that we see this all the time here in the UK. UK UK independence policy looks. Possibly even to tell us. In the election. 22 night similarly the front -- -- and possibly. The Netherlands on the policies lately we may well -- the same things are reserving brace for itself loses. Pars from there are some big questions. For the so that's it. It is undoubtedly the case. But you kids surge has put pressure. On the consent on the ruling conservatives. Moving them potentially into it even more your skeptics bounces and we lost Iowa separately that is gonna put increase pressure on labor policy. -- the main opposition Labour Party. Is nothing like -- -- to this process to policy its leader admired that about his mind to commit to it and now referendum should like -- and that you're -- and actions of -- two. Today. But if lie about being taught to find it loses -- significant. -- in pressure. At an event making fools like this it's that it and we consider. Like this position the second hole and it is that a strong -- opens on the twenty side. Would almost certainly boost the pro independence. In Scotland significance of this talent went to search we saw. Holds. Couple of months ago for independence as he's somewhat on the momentum which yes and he could have appears. Just to be fighting a little bit with the pro union. Again I intend to. But keep in mind we still have at least a million tons of places in Scotland for you -- who have played a significant. In the outcome of the night.