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European elections 2019 and possible outcomes for economic and financial affairs

On 23-26 May, EU citizens from the 28 Member States participated in the European elections to choose their representatives in the European Parliament.

date:  06/06/2019

See also2019 European election results

On 23-26 May, EU citizens from the 28 Member States participated in the European elections to choose their representatives in the European Parliament. With the highest turnout in the last 20 years, these elections were the tangible proof that European democracy is alive and well. In terms of economic and financial matters, the elections are also going to have implications for the agenda in the ECON Committee in the European Parliament. The Committee’s composition will be finalised in the first half of July, but it is likely to see important changes and reshuffling both in terms of political groups and geographic distribution, also considering that 63% of all MEP will be new. For the moment, the ECON Chair of the previous mandate Roberto Gualtieri (S&D) was re-elected in Italy. Other important MEPs who have been re-elected and are expected to return to the ECON Committee include Markus Ferber (EPP), Esther De Lange (EPP), Danuta Hubner (EPP), Sven Giegold (Greens) and Philippe Lamberts (Greens). New faces with a strong profile in economic policy that might end up in the ECON committee include Belgium’s previous Finance Minister Jan Van Overtveld (ECR), Italy’s former Economic Development Minister Carlo Calenda (S&D), Portugal’s former Minister Pedro Marques (S&D) and Poland’s ex-Prime Minister and Central Bank Head Marek Belka.