ECONOMIC ASPECT OF THE 2019 ELECTION FOR THE EUROPEAN PARLIAMENT
Keywords:European Parliament, EU, the 2019 electoral campaign, fiscal spending, refugees.
The EP has supervisory and budgetary responsibilities as well as its role as the locus of democratic debate on EU-level issues and action. It has powers over important decisions such as how public money is spent through the EU’s common budget and how the European Single Market is regulated. However, the most important role of the EP is that it, together with the European Council, elects a new European Commission, which is the EU’s main executive body (together with the Council of Ministers of the EU), whose focus is essentially on economic issues at the EU level.
Economic electoral campaign questions ranged from spending (though the EU budget is equal to just 1% of EU’s GDP), to climate change and labor rights. An important debate has also been about refugee that is an economic, but more identity issue. At the end, the elections were also a struggle for a European ideological narrative, where the so-called the radical left and (somewhat paradoxically) right populists offered more redistribution, whose proposals mainstream parties, naturally seeking to maintain the existing order, have tired to present in a necessary negative light.
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