(Bloomberg) Fears of a populist takeover in European Parliament elections have been greatly overstated. Such is the view of Pacific Investment Management Co. whose message to financial markets is simple: don’t worry.
In a note to investors, Pimco analysts say the EU’s complex governing structure and policy differences across populist parties will limit any impact. “From an investment perspective, higher representation in the parliament of anti-establishment and euroskeptic movements would be a marginal negative factor but we do not view it as a game-changer,” they said.
