Waking up to the UK’s decision of opting out of the EU was a tremendous shock amongst many as polls, markets and bookmakers placed guaranteed odds on the UK remaining a member of the single market. The former Prime Minister David Cameron spent months preparing for what many assumed was an easy win for the Remain campaign.
So you can imagine the shock last week when the US woke up to a billionaire tycoon beating longstanding-politically educated Hillary Clinton who for the most part, had a clear campaign message and sensible policy offerings. Perhaps I was the only one who saw it coming, but if Brexit taught us anything, polls are never really indicative of results.
But putting the polls to one side, if there’s one thing we can definitely learn from Brexit and Trump, even if both bring about economic destruction and are both unable to fulfil the promises made during their campaigns, these two strikingly similar entities spell further concerns for the Eurozone.
The Brexit effect
Right-wing populism is coming back into fashion, whilst not popular amongst the millennial generation, the rise of Marine Le Pen in France could shake up the political landscape across Europe. Equally, the Italian Referendum in December could be the end for Matteo Renzi, who has promised to resign if his reforms are rejected.
This of course, has got the 5-star movement – Italy’s right wing movement sharpening their knives, waiting for an opportunity to seize an already anti-establishment nation.
The Netherlands also have Geert Wilders to think about, and Germany’s Chancellor Angela Merkel is under fire following her refugee quota.
Something could well be brewing as we approach the European elections next year, and whilst the UK appears to be baring the brunt of its decision in June, it could well be the beginning of something more prevalent in the months ahead.