IBOV 186,595.60 ▲ 0.74% IPSA 11,357.82 ▼ 0.21% IPC MEX 63,133.88 ▼ 0.38% MERVAL 2,998,956 ▼ 0.76% COLCAP 2,565.55 ▲ 0.68% BVL PERÚ 59,344.04 ▲ 0.31% USD/BRL5.11▼ 0.58% USD/MXN17.22▼ 0.07% USD/CLP946.95▼ 1.30% USD/COP3,194▲ 0.61% USD/PEN3.37▼ 0.31% USD/ARS1,514▼ 0.03% USD/UYU40.14▼ 0.05% USD/PYG5,926▲ 0.34% USD/BOB10.95▲ 10.05% USD/DOP58.59▼ 0.27% USD/CRC443.27▼ 0.27% USD/GTQ7.63▼ 0.05% USD/HNL26.86▲ 0.03% USD/NIO36.62— 0.00% USD/VES847.44▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.76▲ 0.17% EUR/BRL5.86▼ 0.88% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 186,595.60 ▲ 0.74% IPSA 11,357.82 ▼ 0.21% IPC MEX 63,133.88 ▼ 0.38% MERVAL 2,998,956 ▼ 0.76% COLCAP 2,565.55 ▲ 0.68% BVL PERÚ 59,344.04 ▲ 0.31% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Tuesday, September 22, 2026

Europe’s Rightward Shift: A New Era in the European Parliament

By · June 10, 2024 · 3 min read

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “Venezuela's New York week: oil signed, the bounty stays”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

The European Parliament has taken a decisive turn to the right, reshaping its future trajectory.

In the recent elections, concluded on June 9, 2024, the right-wing and center-right factions now command 56% of the seats—a notable increase from their previous share.

The European People’s Party, aligned with Ursula von der Leyen, bolstered its presence with 189 seats, leading the pack.

This shift isn’t just numerical; it has real implications. The surge of right-leaning groups like Identity and Democracy, and the European Conservatives and Reformists, indicates a broader ideological pivot within the EU.

Such a transformation is a clear setback for the French and German governments, traditionally dominated by more centrist or left-leaning parties.

Reacting to these developments, French President Emmanuel Macron dissolved the French Parliament, calling for new elections in a dramatic move.

Similarly, Belgium’s Prime Minister, Alexander De Croo, resigned, signaling political turbulence ahead.

Europe's Rightward Shift: A New Era in the European Parliament.
Europe’s Rightward Shift: A New Era in the European Parliament.
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

This election isn’t an isolated incident but part of a trend where European nations like Greece, Spain, and Hungary have seen right or center-right parties gain ground.

This realignment suggests a continental drift toward policies that may prioritize national interests, stricter immigration controls, and possibly a reevaluation of EU-wide initiatives.

The fallout is significant. Macron’s Renew Europe group lost seats, dwindling from 102 to 93, while the left’s representation also shrank.

This reconfiguration within the Parliament points to potential shifts in legislative priorities, including economic policies and social issues.

Moreover, new members without a fixed group affiliation suggest that the right-wing bloc could expand further, influencing future EU legislation and policy direction.

The European Parliament’s adaptation will reshape the EU’s strategies on economics, foreign relations, and climate.

This rightward shift does more than alter politics—it potentially redefines the EU’s global role, emphasizing the rising impact of nationalist and conservative agendas on Europe’s future.

Europe’s Rightward Shift: A New Era in the European Parliament

  • Greece – New Democracy (Center-Right);
  • Bulgaria – GERB (Right);
  • Spain – PP (Center-Right);
  • Hungary – FIDESZ (Right);
  • Finland – KOK (Right);
  • Croatia – HDZ (Right);
  • France – RN (Right);
  • Austria – FPO (Right);
  • Germany – CDU (Center-Right).

Understand the Groups of the European Parliament

European People’s Party – remains the largest group in the European Parliament, with a significant base of German, Polish, and Romanian members.

In the last five years, it closely collaborated with the socialists and the liberal Renew Europe group.

Angela Merkel, the former German Chancellor, is one of the key figures associated with the group.

Progressive Alliance of Socialists and Democrats – is the second largest group in the EU Legislative Power.

Strongly represented by the Spanish Prime Minister Pedro Sánchez’s Workers’ Socialist Party, the group emphasizes fighting unemployment and promoting more equitable societies.

Renew Europe – led by French President Emmanuel Macron’s Renaissance party, is the third largest. However, it has weakened: it had 102 parliamentarians this term.

The outcome reflects the rise of deputies supported by Marine Le Pen.

Greens Group – currently has 72 seats in the EU Legislative Power. In the 2019 European Parliament elections, the group was strengthened by the climate protests of 2019. Now, it has lost seats.

European United Left – focused on labor rights, economic justice, and equality. It faces uncertainties due to a new split in the German left, led by the former co-chair of Die Linke, Sahra Wagenknecht.

European Conservatives and Reformists – promises a firm stance on migration and openness to more cooperation within the EU.

It gained seats in a result that demonstrates the strength of Italy’s Prime Minister, Giorgia Meloni.

Identity and Democracy – will grow in the EU Legislative Power. Controversies surround it due to the expulsion of deputies linked to the German right-wing party, the AfD, accused of neo-Nazism.

Despite criticism, it retains influence amid increasing voter dissatisfaction due to rising energy and living costs in Germany.

 

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.