By Bethany Payne
The European Parliament elections on May 23 produced damaging results in varying degrees for both the European Parliament and the main parties in the UK. Bethany Payne, a Global Bond Portfolio Manager, explains the main points and provides a brief assessment of the impact on markets.
Voters typically punish the ruling party at the European Parliament elections, and this year proved no different. Both center-left and center-right parties lost ground and are no longer able to jointly form a "grand coalition." Most of the main parties were perhaps relieved that the outcome