As most of you know well by now, the so-called European right wing made substantial, even in cases stunning, gains in European parliament elections. This would seem to take some of the wind out of the sails of those wanting to escalate against Russia. But we’ll describe a scenario below that they could pursue and even use the right wing gains to justify. In other words, as Lambert would put it, this is still an overly dynamic situation.

French President Emanuel Macron, after Marine Le Pen’s National Rally won the most votes for MEP seats, with exit polls showing 32% compared to about 15% for Macron’s allies, is taking the stunning gamble of calling snap elections. Given how poor Macron’s political instincts have been, I would not bet on this move working out well for him.

The German Greens also took a drubbing, with preliminary totals showing it

Keep reading this article on Naked Capitalism (Yves Smith) - Blog.

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