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PM's Euro Parl't Run Could Leave Croatia w/o Moderating Influence
Croatian Prime Minister Andrej Plenković is set to top his conservative Croatian Democratic Union (HDZ)'s list in the upcoming European Parliment elections, taking place in the western Balkan state on 9 June. Plenković is not the only sitting prime minister to top their party's list in the EP elections, with Italian PM Giorgia Meloni also standing. Ostensibly Plenković's intention is to rally support for the HDZ following the formation of a new coalition gov't. However, as Politico notes, "Others fear Plenković could accept a mandate in Brussels following the June ballot, leaving Croatian politics bereft of his moderating influence."
- Plenković's pro-EU, pro-Ukraine stance has been warmly welcomed in Brussels, and Germany's Bild has even speculatedthat he could seek the Commission president's job (an unlikely scenario in the short-term in our view).
- However, should he leave frontline domestic politics it would leave a new coalition between the HDZ and the right-wing nationalist, social conservative Homeland Movement (DP) without a major moderating force.
- Indeed, the new coalition has already caused something of a stir in ethnic tensions following the exclusion of the Independent Democratic Serb Party (SDSS) from coalition. The Serb minority interest party has historically backed whoever is in gov't. However, the Croat nationalist DP has demanded their exclusion as price of supporting the coalition.
- A change in HDZ leadership could see the party shift in a more nationalist direction in order to win back DP voters (many of whom are disaffected former HDZ backers), risking tensions with Brussels and internally.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.