The European Parliament elections: a business analysis 

The European Parliament elections: a business analysis

This report provides an in-depth analysis of the results of the European elections held between 10 to 13 June 2004. It is the result of extensive interviews conducted with re-elected MEPs as well as those EP officials currently involved in finalising and drafting Political Group lists and Committee memberships, and in designating Chairpersons.

Authors state that the make-up of the EP political groups - which are to be officialised during the first plenary session of the newly elected Parliament on 19-23 July - is likely to stay the same as in the previous Parliament. They give indications on the future prominent MEPs.

The report states that "the good news for industry is that the EPP-ED remains the biggest Political Group, with the Greens stepping back", which is set to "keep the number of surprises for business limited".

Authors believe that "environment and consumer protection issues will probably remain high on the EP’s agenda, even though the large proportion of MEPs from the new Member States among its ranks could force it to tone down its positions".

It is said that the Eurosceptic influence in the EPP-ED political group could be "good news for lobbies seeking to weaken the regulatory stranglehold, but could also fuel more protectionist positions".

The French Socialists, now the most numerous delegation in the PES, is expected to "push for employment and social agendas to the detriment of industry competitiveness".

Authors conclude that "we might witness a deepening rift between the two main groups (EPP-ED and PES) and more polarisation of the Parliament, albeit with a Centrist Group punching above its weight and sometimes calling the shots".

To read the full report of Grayling, click .