Political 'outsiders' gain strength in Europe

Following on from John Addis's blog yesterday about the looming battle over Greek debt – and what it might mean for Australian investors – I came across an interesting analysis of the European political situation by David McWilliams (via UK investor Neil Woodford’s blog). McWilliams argues that new political parties all across Europe – whether nominally from the right or the left – are all populist parties, representing people who feel like outsiders to the economic and political decision-making process. The Insiders used to running the show are from big business, the public service and trade unions, while the Outsiders are...

Following on from John Addis's blog yesterday about the looming battle over Greek debt – and what it might mean for Australian investors – I came across an interesting analysis of the European political situation by David McWilliams (via UK investor Neil Woodford’s blog).

McWilliams argues that new political parties all across Europe – whether nominally from the right or the left – are all populist parties, representing people who feel like outsiders to the economic and political decision-making process.

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