2 Down, 2 To Go

It has been an exciting year for politics across the European Union. Following the stunning decision by the United Kingdom to depart from the common market in June 2016, all eyes turned to the up to four elections slated to take place in 2017 to see if the populist and nationalist wave would spread across the continent. And while candidates from the far-left and far-right have certainly made their presence felt during the first two major elections, more centrist leaders have managed to claim power, albeit in unusual ways. Whether populist and nationalist sentiments will remain contained with the remaining two elections remains to be seen, however. And this ongoing uncertainty will have important implications for global financial markets.

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