IBOV 176,010.90 ▼ 0.36% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,291,246 ▲ 1.92% COLCAP 2,292.03 ▼ 0.29% BVL PERÚ 57,174.37 — — USD/BRL5.08▼ 0.07% USD/MXN17.41▲ 0.11% USD/CLP925.20▼ 0.09% USD/COP3,220▼ 1.23% USD/PEN3.39▲ 0.13% USD/ARS1,475▼ 0.05% USD/UYU40.15▲ 1.04% USD/PYG6,039▲ 1.28% USD/BOB10.65▲ 5.99% USD/DOP58.36▲ 0.19% USD/CRC447.49▲ 0.88% USD/GTQ7.62▲ 2.09% USD/HNL26.73▼ 0.01% USD/NIO36.62▲ 0.34% USD/VES725.63▲ 0.11% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 0.44% USD/TTD6.76▲ 1.32% EUR/BRL5.82▲ 0.20% BRENT 83.89 ▼ 1.25% WTI 78.96 ▼ 0.80% IRON ORE 161.91 — — COPPER 6.40 ▲ 1.66% GOLD 4,042 ▼ 0.05% SILVER 57.35 ▲ 0.41% SOY 1,205 ▲ 0.21% CORN 471.25 ▲ 5.31% WHEAT 683.75 ▲ 0.92% COFFEE 305.50 ▼ 8.66% SUGAR 14.61 ▼ 1.62% ORANGE JUICE 140.45 ▲ 0.14% COTTON 80.74 ▲ 0.22% COCOA 6,067 ▲ 5.75% BEEF 226.00 ▼ 2.34% CATTLE 349.95 ▲ 0.33% LITHIUM 71.06 ▼ 0.73% PETR4 40.59 ▼ 0.17% VALE3 74.51 ▲ 0.68% ITUB4 43.14 ▼ 1.12% BBDC4 18.60 ▼ 0.16% ABEV3 15.57 ▼ 1.52% BBAS3 20.55 ▼ 0.19% B3SA3 15.69 ▲ 2.35% WEGE3 44.26 ▲ 0.14% PRIO3 57.50 ▼ 0.12% SUZB3 41.48 ▲ 0.90% RENT3 40.35 ▼ 0.47% AZZA3 18.66 ▼ 1.01% CSAN3 3.93 ▲ 1.03% RAIZ4 0.29 ▼ 6.45% PCAR3 2.62 ▲ 6.94% GMAT3 3.98 ▲ 0.51% PSSA3 55.22 ▲ 1.71% CVCB3 1.34 ▼ 2.90% POSI3 3.95 ▼ 1.00% SLCE3 13.50 ▼ 2.24% NATU3 8.67 ▲ 1.40% BRKM5 6.41 ▼ 6.15% RANI3 7.98 ▼ 0.37% CSNA3 5.24 ▲ 0.77% CMIN3 5.24 ▲ 2.75% USIM5 8.20 ▼ 0.36% GGBR4 24.20 ▲ 3.77% ENEV3 26.95 ▼ 0.81% CPFE3 46.83 ▼ 0.78% CMIG4 11.15 ▼ 0.45% EQTL3 40.33 ▼ 1.51% LREN3 14.10 ▼ 1.33% VIVT3 35.47 ▼ 0.14% RAIL3 14.07 ▼ 0.42% KLABIN 17.39 ▲ 0.40% RAIA DROGASIL 18.67 ▲ 0.38% RDOR3 36.01 ▼ 0.11% HAPV3 10.99 ▼ 1.79% FLRY3 16.51 ▲ 0.61% SMTO3 15.53 ▼ 3.66% UGPA3 31.10 ▲ 3.29% VBBR3 33.75 ▲ 1.35% BBSE3 40.71 ▲ 0.79% BPAC11 57.04 ▼ 1.57% CURY3 32.73 ▼ 2.56% AERI3 2.02 ▼ 2.42% VIVARA 23.52 ▲ 0.38% COMPASS 25.11 ▼ 0.36% VAMOS 3.12 ▼ 0.95% SANB11 27.00 ▼ 1.24% ASAI3 8.66 — 0.00% SBSP3 29.98 ▼ 1.19% WALMEX 49.61 ▲ 0.69% GMEXICO 200.02 ▲ 0.23% FEMSA 223.27 ▼ 2.64% CEMEX 22.64 ▲ 1.98% GFNORTE 183.98 ▼ 1.19% BIMBO 57.50 ▲ 2.02% TELEVISA 9.60 ▲ 0.73% AMX 22.80 ▼ 0.22% GAP 398.24 ▲ 0.75% ASUR 283.46 ▲ 2.85% OMA 234.61 ▼ 0.17% KOF 177.25 ▼ 1.47% GRUMA 280.76 ▲ 0.49% KIMBER 38.73 ▲ 0.75% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 78,550 ▲ 1.00% GGAL 8,205 ▲ 3.73% PAMPA 5,240 ▲ 0.19% TXAR 668.00 ▲ 0.91% ALUAR 959.50 ▲ 1.11% TGS 9,750 ▲ 0.41% CEPU 2,344 ▲ 0.73% MIRGOR 16,975 ▲ 1.34% COME 45.63 ▼ 0.26% LOMA NEGRA 3,615 ▲ 2.34% BYMA 304.25 ▲ 1.08% TELECOM ARG 4,315 ▼ 0.40% ECOPETROL 15.98 ▼ 1.11% BANCOLOMBIA 81.55 ▼ 0.67% GRUPO AVAL 5.03 ▲ 1.62% CREDICORP 398.20 ▲ 1.52% SOUTHERN COPPER 181.54 ▼ 0.46% BUENAVENTURA 30.71 ▼ 1.03% MERCADOLIBRE 1,843 ▼ 1.64% NUBANK 13.88 ▼ 0.79% XP 16.87 — 0.00% PAGSEGURO 9.21 ▼ 0.75% STONE 11.28 ▼ 0.18% GLOBANT 31.98 ▲ 3.43% TECNOGLASS 45.67 ▲ 3.26% GAP AIRPORT 228.15 ▲ 0.97% ASUR 283.46 ▲ 2.85% OMA AIRPORT 107.90 ▲ 0.24% AMX ADR 26.11 ▼ 0.27% FEMSA ADR 128.77 ▼ 3.30% CEMEX ADR 13.07 ▲ 2.11% PETROBRAS ADR 17.86 ▼ 0.33% VALE ADR 14.67 ▲ 0.55% ITAU ADR 8.45 ▼ 1.17% SANTANDER BR 5.35 ▼ 0.74% AMBEV ADR 3.03 ▼ 1.94% CSN 1.04 ▲ 0.49% GERDAU 4.80 ▲ 4.12% LATAM ADR 54.87 ▲ 2.54% BTC 64,014 ▼ 1.08% ETH 1,884 ▼ 1.72% SOL 76.04 ▼ 1.58% XRP 1.10 ▼ 0.73% BNB 577.06 ▼ 0.52% ADA 0.16 ▼ 1.88% DOGE 0.07 ▼ 1.33% AVAX 6.59 ▼ 1.58% LINK 8.42 ▼ 1.35% DOT 0.84 ▼ 1.11% LTC 44.68 ▼ 0.98% BCH 220.82 ▼ 1.05% TRX 0.32 ▼ 0.35% XLM 0.19 ▼ 0.34% HBAR 0.07 ▼ 1.16% NEAR 2.02 ▼ 2.04% ATOM 1.53 ▼ 1.38% AAVE 94.50 ▼ 1.39% SELIC 14.25% EMBRAER 82.35 ▼ 0.17% EMBRAER ADR 64.90 ▼ 0.02% JBS 12.10 ▲ 2.28% JBS BDR 61.43 ▲ 2.81% MBRF3 15.40 ▼ 4.29% MBRFY 2.87 ▼ 8.60% INTER 5.62 ▼ 1.40% EGX 52,871 ▲ 0.60% USD/ZAR16.34▲ 0.07% USD/NGN 1,379 — 0.00% NIKKEI 66,836 ▼ 2.79% CSI300 4,698 ▼ 1.85% HSI 25,009 ▲ 1.33% NIFTY 24,089 ▲ 0.04% KOSPI 6,821 ▼ 6.37% JCI 6,097 ▲ 0.91% USD/JPY 162.14 — 0.00% USD/CNY6.77▼ 0.04% DAX 24,903 ▼ 0.39% CAC 8,345 ▼ 0.45% FTSE 10,475 ▼ 0.38% MIB 52,251 ▼ 0.31% IBEX 19,230 ▼ 0.24% STOXX 640.02 ▼ 0.42% EUR/USD1.15▲ 0.03% GBP/USD1.35▲ 0.89% SPX 7,572 ▲ 0.38% DJI 52,659 ▲ 0.29% NDX 29,503 ▼ 0.28% RUT 2,976 ▲ 0.39% TSX 35,416 ▲ 0.27% VIX 15.93 ▲ 1.66% USD/CAD1.40▲ 0.02% US10Y 4.5450 ▼ 0.87% IBOV 176,010.90 ▼ 0.36% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,291,246 ▲ 1.92% COLCAP 2,292.03 ▼ 0.29% BVL PERÚ 57,174.37 — — USD/BRL 5.08 ▼ 0.07% USD/MXN 17.41 ▲ 0.11% USD/CLP 925.20 ▼ 0.09% USD/COP 3,220 ▼ 1.23% USD/PEN 3.39 ▲ 0.13% USD/ARS 1,475 ▼ 0.05% USD/UYU 40.15 ▲ 1.04% USD/PYG 6,039 ▲ 1.28% USD/BOB 10.65 ▲ 5.99% USD/DOP 58.36 ▲ 0.19% USD/CRC 447.49 ▲ 0.88% USD/GTQ 7.62 ▲ 2.09% USD/HNL 26.73 ▼ 0.01% USD/NIO 36.62 ▲ 0.34% USD/VES 725.63 ▲ 0.11% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.44% USD/TTD 6.76 ▲ 1.56% EUR/BRL 5.82 ▲ 0.20% BRENT 83.89 ▼ 1.25% WTI 78.96 ▼ 0.80% IRON ORE 161.91 — — COPPER 6.40 ▲ 1.66% GOLD 4,042 ▼ 0.05% SILVER 57.35 ▲ 0.41% SOY 1,205 ▲ 0.21% CORN 471.25 ▲ 5.31% WHEAT 683.75 ▲ 0.92% COFFEE 305.50 ▼ 8.66% SUGAR 14.61 ▼ 1.62% ORANGE JUICE 140.45 ▲ 0.14% COTTON 80.74 ▲ 0.22% COCOA 6,067 ▲ 5.75% BEEF 226.00 ▼ 2.34% CATTLE 349.95 ▲ 0.33% LITHIUM 71.06 ▼ 0.73% PETR4 40.59 ▼ 0.17% VALE3 74.51 ▲ 0.68% ITUB4 43.14 ▼ 1.12% BBDC4 18.60 ▼ 0.16% ABEV3 15.57 ▼ 1.52% BBAS3 20.55 ▼ 0.19% B3SA3 15.69 ▲ 2.35% WEGE3 44.26 ▲ 0.14% PRIO3 57.50 ▼ 0.12% SUZB3 41.48 ▲ 0.90% RENT3 40.35 ▼ 0.47% AZZA3 18.66 ▼ 1.01% CSAN3 3.93 ▲ 1.03% RAIZ4 0.29 ▼ 6.45% PCAR3 2.62 ▲ 6.94% GMAT3 3.98 ▲ 0.51% PSSA3 55.22 ▲ 1.71% CVCB3 1.34 ▼ 2.90% POSI3 3.95 ▼ 1.00% SLCE3 13.50 ▼ 2.24% NATU3 8.67 ▲ 1.40% BRKM5 6.41 ▼ 6.15% RANI3 7.98 ▼ 0.37% CSNA3 5.24 ▲ 0.77% CMIN3 5.24 ▲ 2.75% USIM5 8.20 ▼ 0.36% GGBR4 24.20 ▲ 3.77% ENEV3 26.95 ▼ 0.81% CPFE3 46.83 ▼ 0.78% CMIG4 11.15 ▼ 0.45% EQTL3 40.33 ▼ 1.51% LREN3 14.10 ▼ 1.33% VIVT3 35.47 ▼ 0.14% RAIL3 14.07 ▼ 0.42% KLABIN 17.39 ▲ 0.40% RAIA DROGASIL 18.67 ▲ 0.38% RDOR3 36.01 ▼ 0.11% HAPV3 10.99 ▼ 1.79% FLRY3 16.51 ▲ 0.61% SMTO3 15.53 ▼ 3.66% UGPA3 31.10 ▲ 3.29% VBBR3 33.75 ▲ 1.35% BBSE3 40.71 ▲ 0.79% BPAC11 57.04 ▼ 1.57% CURY3 32.73 ▼ 2.56% AERI3 2.02 ▼ 2.42% VIVARA 23.52 ▲ 0.38% COMPASS 25.11 ▼ 0.36% VAMOS 3.12 ▼ 0.95% SANB11 27.00 ▼ 1.24% ASAI3 8.66 — 0.00% SBSP3 29.98 ▼ 1.19% WALMEX 49.61 ▲ 0.69% GMEXICO 200.02 ▲ 0.23% FEMSA 223.27 ▼ 2.64% CEMEX 22.64 ▲ 1.98% GFNORTE 183.98 ▼ 1.19% BIMBO 57.50 ▲ 2.02% TELEVISA 9.60 ▲ 0.73% AMX 22.80 ▼ 0.22% GAP 398.24 ▲ 0.75% ASUR 283.46 ▲ 2.85% OMA 234.61 ▼ 0.17% KOF 177.25 ▼ 1.47% GRUMA 280.76 ▲ 0.49% KIMBER 38.73 ▲ 0.75% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 78,550 ▲ 1.00% GGAL 8,205 ▲ 3.73% PAMPA 5,240 ▲ 0.19% TXAR 668.00 ▲ 0.91% ALUAR 959.50 ▲ 1.11% TGS 9,750 ▲ 0.41% CEPU 2,344 ▲ 0.73% MIRGOR 16,975 ▲ 1.34% COME 45.63 ▼ 0.26% LOMA NEGRA 3,615 ▲ 2.34% BYMA 304.25 ▲ 1.08% TELECOM ARG 4,315 ▼ 0.40% ECOPETROL 15.98 ▼ 1.11% BANCOLOMBIA 81.55 ▼ 0.67% GRUPO AVAL 5.03 ▲ 1.62% CREDICORP 398.20 ▲ 1.52% SOUTHERN COPPER 181.54 ▼ 0.46% BUENAVENTURA 30.71 ▼ 1.03% MERCADOLIBRE 1,843 ▼ 1.64% NUBANK 13.88 ▼ 0.79% XP 16.87 — 0.00% PAGSEGURO 9.21 ▼ 0.75% STONE 11.28 ▼ 0.18% GLOBANT 31.98 ▲ 3.43% TECNOGLASS 45.67 ▲ 3.26% GAP AIRPORT 228.15 ▲ 0.97% ASUR 283.46 ▲ 2.85% OMA AIRPORT 107.90 ▲ 0.24% AMX ADR 26.11 ▼ 0.27% FEMSA ADR 128.77 ▼ 3.30% CEMEX ADR 13.07 ▲ 2.11% PETROBRAS ADR 17.86 ▼ 0.33% VALE ADR 14.67 ▲ 0.55% ITAU ADR 8.45 ▼ 1.17% SANTANDER BR 5.35 ▼ 0.74% AMBEV ADR 3.03 ▼ 1.94% CSN 1.04 ▲ 0.49% GERDAU 4.80 ▲ 4.12% LATAM ADR 54.87 ▲ 2.54% BTC 64,014 ▼ 1.08% ETH 1,884 ▼ 1.72% SOL 76.04 ▼ 1.58% XRP 1.10 ▼ 0.73% BNB 577.06 ▼ 0.52% ADA 0.16 ▼ 1.88% DOGE 0.07 ▼ 1.33% AVAX 6.59 ▼ 1.58% LINK 8.42 ▼ 1.35% DOT 0.84 ▼ 1.11% LTC 44.68 ▼ 0.98% BCH 220.82 ▼ 1.05% TRX 0.32 ▼ 0.35% XLM 0.19 ▼ 0.34% HBAR 0.07 ▼ 1.16% NEAR 2.02 ▼ 2.04% ATOM 1.53 ▼ 1.38% AAVE 94.50 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Hungary, Poland, now Sweden and Italy: Is the EU becoming conservative?

By · September 27, 2022 · 3 min read

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After the victory of Meloni in Europe, a right-wing quartet was formed, consisting of Italy, Sweden, Poland, and Hungary, writes Boulevard Voltaire.

Should it be seen as a “retreat” of a few EU member states or a turn to the right of the entire EU,  Geoffroy Antoine, the article’s author asks?

Read also: Check out our coverage on curated alternative narratives

VON DER LEYEN’S LEADERSHIP IS BEING QUESTIONED

European Parliament. (Photo internet reproduction)
European Parliament. (Photo internet reproduction)
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Pursuing an anti-immigration policy, rejecting European federalism and the progressive policy of Brussels, the authorities of Hungary, Poland, Sweden, and Italy are already declaring themselves national bastions against the goals of EU president Ursula von der Leyen and her bosom friend Emmanuel Macron, who dream of a “fairer European Union open to all.”

Since 2015, the Visegrad Group (Poland, Hungary, the Czech Republic, and Slovakia) has been opposing the “European Programme on Migration” proposed by the European Commission, which consists in imposing migration quotas on European Union member states.

Since then, Brussels’ relations with Budapest and Warsaw have become particularly strained.

On September 23, von der Leyen said that she had “tools” for countries that, like Poland and Hungary, would choose a “difficult path”.

The message was addressed to Italy in connection with the possibility of Georgia Meloni, radically opposed to the progressive values of Brussels, winning the parliamentary elections.

(Von der Leyen a couple of days before the Italien election)

This escalating standoff between Brussels and some European Union member states could lead to a deep split within the Union: liberal countries on the one hand and conservatives on the other.

For Gregor Puppinck, director of European think tank ECLJ, Meloni’s win is a game changer, but it’s not enough to thwart Ursula von der Leyen’s plans.

“The functioning of the European Union is almost entirely dependent on the European Commission,” he said by phone.

“However, the Commission relies on technocratic activities, a simple accounting approach. From an accounting perspective, attracting immigrants can make money even if it causes social unrest. The will of the people is irrelevant to the Commission.”

Whether Italy and the government of Georgia Meloni, having become closer to Hungary and Poland, will be able to have weight in Brussels is too early to say.

“European funding mechanisms are used to blackmail the Commission ideologically,” Gregor Puppinck recalls.

But Italy is a net payer of the European budget and receives less money than France or Spain, so its voice will be much more influential than that of Poland, the primary beneficiary of European funds throughout the Union.

CONSERVATIVE COALITION IN EUROPE: UTOPIA?

At the same time, combining the efforts of the governments of Hungary, Poland, Sweden, and Italy to confront Ursula von der Leyen seems fantastic.

First, the Visegrad Group split after the start of the conflict in Ukraine, as Hungary is far less hostile to Russia than Poland.

Then, the last thirty years of European politics have shown the inability of conservative political formations on the continent to form alliances among themselves.

Many right-wing groups reject the European Parliament, although their ideological common ground is obvious.

Finally, the instability of Italian political life and the electoral instability of the Polish and Swedish rights can reduce the wave of conservatism in Europe.

Political scientist and historian Benoît Vaillot, an expert on European issues, does not believe in a conservative European Union.

(Giorgia Meloni in 2019)

“Neither Orban, the Swedish coalition, nor Georgia Meloni poses a real threat to Brussels. Their policy is aimed at identity, not sovereignty; none of them questions European treaties!” he stresses.

“Let’s wait with an assessment of the extremism of the “Brothers of Italy” to have a final opinion. But the European Commission is so autonomous that, in the end, it always wins.”

A thick fog surrounds the future of Europe, increasingly divided by disagreements over ideological issues.

On November 13, 1872, Adolphe Thiers (the first president of the French Third Republic) declared to the deputies: “The republic will be conservative, or it will not be at all.”

Who could say the same about the European Union?

Geoffroy Antoine

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