The Far Right: How Right-Wing Populist Politics Threatens the EU Economy

It’s generally accepted that right-wing politicians in power are a boon to economic growth, since, unlike leftists, they favor business freedom, strong competition, and reasonably low taxes. In the current context of a pan-European economic downturn, moderate right-wing governments are forced to implement unpopular reforms, as in Italy and Greece. But the downturn in Europe is also leading to growing support for far-right populists with completely different policies that run counter to the traditional tenets of the economic right: fighting migrants, rejecting integration, tariff wars, etc. Implementing this program threatens European countries with growing budget deficits, acute labor shortages, and new debt crises.







