Across Europe, the various far-right movements have gained ground on their opponents, with a few exceptions (they have fallen back in Sweden and Finland). In particular, they made strong gains in the 5 countries with the largest number of seats in the continental assembly: Germany (96 seats), France (81), Italy (76), Spain (61) and Poland (53).

  • In France, the RN won almost 32% of the vote (some 30 seats), to which can be added the 5.4% of the Reconquête party.
  • In Germany, the far-right AfD party came in 2nd with over 15% of the vote, winning a further 6 seats.
  • In Italy, Giorgia Meloni's Fratelli d'Italia won over 28% of the vote (compared with 26% in the 2022 national elections) and 24 seats.
  • In Spain, the rise of the ultra Vox is palpable, with 10% of the vote (compared with 6.3% in 2019), to which we can add the Se Acabo la Fiesta (the party is over) list, led by a far-right youtuber, which obtains 4.6% (3 seats).
  • In Poland, the Eurosceptic nationalist right-wing Konfederacja will send 6 MEPs to Strasbourg.

Progress is also notable in the other countries, which each account for between 6 and 33 seats in the European legislature:

  • In Belgium , Flemish nationalists and eurosceptics Vlaams Belang lead the way with 14.5% of the vote and 3 seats.
  • In the Netherlands, Geert Wilders' far-right Party for Freedom (PVV) won nearly 18% of the vote, taking six or seven seats, compared with just one in 2019.
  • In Austria , the nationalist right FPÖ came out on top with 26% of the vote. It won 6 seats, 3 more than in 2019.
  • In Greece, the nationalist Eleniki Lysi (Greek Solution) party took between 8% and 10% of the vote.
  • In Portugal, the right-wing nationalist Chega party came third, with almost 10% of the vote.
  • In Hungary, Fidesz, the party of nationalist Prime Minister Viktor Orban, came out on top but was down on 2019, with 43% of the vote compared with over 52% in the previous poll.
  • In Cyprus , the Disy conservatives (EPP) were given almost 24% and the far-right ELAM party won its first-ever seat in parliament.
  • In Croatia, the Patriotic Movement came 3rd with 9% of the vote.
  • In Bulgaria, the far-right won 16% of the vote.
  • In Slovakia, the right-wing nationalist and neo-fascist Republika party came third, with 12.5% of the vote.

This new distribution, to the detriment of Green MEPs among others, will undeniably give the European Parliament an anti-immigration, anti-environmental and anti-market tinge. Across the continent, the election results have rekindled risk aversion on equity and fixed-income markets, and pushed the euro down against the dollar.

Unsurprisingly, all the continent's financial markets were hit. On Monday morning, France's Cac , Germany's Dax , Italy's MIB , Belgium's Bel 20 , Spain's Ibex, the Netherlands' AEX, Poland's WIG, Austria's ATX and Greece's Athex all fell, dragging Sweden's OMX, the UK's FTSE and the Euro Stoxx 50 down with them.

In France, the second detonation, caused by Emmanuel Macron's announcement of the dissolution of the National Assembly and the prospect of appointing a far-right Prime Minister, weighed heavily on the flagship index, and on the interest rate on ten-year French government bonds. On the value side, the financial and utilities sectors were particularly affected by the vote.

Only the AEX, IBEX and ATHEX managed to reverse the trend during the session.