European Elections Heating Up

The Entry Points

This is going to be a volatile European election year, especially France coming up in May, with Marine Le Pen doing very well in the polls. This Wednesday is Dutch elections with wildman Geert Wilders trying to upend things. The insiders/globalists are losing their power, and this will continue. These uprisings are very bullish for gold, and commodities over the next several years, but the volatility surrounding them can cause us to lose focus. Stay focused, have a plan, and be patient waiting for the opportunities – ignore the useless spin on the news. The “news’ should fit into your plan, but it should NOT be the basis for your plan. The news should fit within the trend, not alter it. Use the misinterpretation of news, as an opportunity, not as a reason to freak out.

Bloomberg:

The Dutch election was upended by a diplomatic standoff with Turkish President Recep Tayyip Erdogan, as a spiral of increasingly hostile rhetoric threatened to overshadow the final stretch of campaigning and influence voting.

With less than 48 hours to polling day in the first of Europe’s big elections this year, political analysts said the international incident centered on the Netherlands could benefit both Prime Minister Mark Rutte’s Liberals and the anti-Islam Freedom Party of populist Geert Wilders. The upshot may be to re-energize Wilders’s campaign just as it appeared to be fading.

“The cabinet has shown political decisiveness,” said Kees Aarts, professor of political institutions and behavior at the University of Groningen. “But when you add everything up, what happened will clearly help Wilders. He wasn’t very visible during the campaign and not very involved. But in the end it’s his main theme that’s at stake now.”

For a Guide to the Dutch elections, a bellwether of European populism, click here

Politicians on all sides rounded on the Turkish government for dispatching ministers to the Netherlands for domestic political ends on the eve of the Dutch election. Erdogan said on Sunday that the Netherlands would “pay the price” after Rutte’s government denied entry to Turkey’s foreign minister and escorted a second Turkish minister to the Dutch border.

“I wasn’t waiting for this,” Rutte told NRC on Monday morning, when asked if the chance to play the role of the “strong” prime minister would help him on Wednesday. “This cost me hours and hours of campaign time. But it’s just my job, being prime minster comes first.”

Higher Turnout

A snap poll on the incident by Peil.nl found that 86 percent of more than 2,000 respondents said that Rutte had done a good job during the dispute. However, it also found that Freedom Party voters were fired up, with Wilders supporters saying for first time during the campaign they would “certainly” vote for his party, known by its Dutch acronym, PVV. That could lead to higher turnout among PVV supporters at the election on March 15, according to Peil.nl.

Rutte stands to benefit “because he acted firmly to defend the Netherlands in an international conflict,” said Sarah de Lange, a professor of political science at the University of Amsterdam. “Wilders could benefit because this incident strengthens the image that Turks are not integrated and show more loyalty towards Turkey than to the Netherlands. This could give him more support for his claims about Islam and sending people back to their own country.”

Rutte and Wilders will have their first debate of the campaign on Monday evening. The event is organized by EenVandaag in Rotterdam, to be broadcast on NPO1. No other party leader will attend this so-called “prime ministers’ debate.”

For a who’s who guide to the candidates in the Dutch election, click here

Rutte’s Liberals were projected to take 24 seats to 22 seats for Wilders’s anti-European Union Freedom Party in a poll by Peil.nl released on Friday, each down a seat on the prior survey. That compared with a lead of some 12 seats held by Wilders at the start of the year. The Christian Democrats gained a seat to also score 22 seats, with the Greens up two on 20, and the D66 Democrats with 17 seats. Rutte’s Labor coalition partner had nine seats.

Dutch ‘Fascists’

The dispute worsened on Sunday as foreign ministers from each country traded barbs after Turkish Family Affairs Minister Fatma Kaya was denied entry into her consulate and escorted to the border with Germany. The Dutch say the minister put public order at risk by choosing to “sneak” into the country after talks on possible campaigning abroad by Turkish officials were abandoned.

Alexander Pechtold, the D66 leader, made a plea for calm heads and a return to reason.

QuickTakeTurkey’s Dustup With Dutch Goes Beyond Politics

“Turkey is one of our allies, one of our neighbors, of the European Union. We should work together,” Pechtold said in an interview on Sunday. Even so, he said that Rutte was right to take the action he did. “It was a tough decision, but I felt nothing else was possible in the end.”

Erdogan is seeking backing for a referendum in April that would give greater powers to his currently ceremonial presidency. He accused Germany of Nazi-style practices a week ago after campaign events by Turkish ministers who wanted to address an estimated 1.4 million Turkish voters living in Germany were similarly canceled.

Jesse Klaver, leader of the Dutch Greens, said on the Sunday political program Buitenhof that it was positive “almost all the political parties support the cabinet” in the dispute.

“While Erdogan tries to split the country, we’re all on the same line here,” he said.

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About traderscott 1146 Articles
Trader Scott has been involved with markets for over twenty years. Initially he was an individual floor trader and member of the Midwest Stock Exchange, which then led to a much better opportunity at the Chicago Board Options Exchange. By his early 30’s, he had become very successful in markets, but a health situation caused him to back away from the grind of being a full time floor trader. During this time away from markets, Scott was completely focused on educating himself about true overall health and natural healing which remains a passion to this day. Scott returned to markets over fifteen years ago where he continues as an independent trader.

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