Political 'outsiders' gain strength in Europe

The insiders have had it their way in Europe for too long and those without a political voice – the small businesses, contract workers and the young – have had enough.

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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