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VdL Gathers Support From EU Leaders, But 2nd Term Not Assured
National leaders from a number of EU states have voiced their support for European Commission President Ursula von der Leyen's announcement that she will seek a second five-year term in office following the June European Parliament elections. Of the 10 EU member states that have a head of gov't/state hailing from the EU-level centre-right European People's Party (EPP), of which VdL is a member, nine have voiced their support for the incumbent being the group's lead candidate (only Irish Taoiseach Leo Varadkar has yet to publicly back VdL).
- There remain a number of potential impediments to VdL's re-election. In the process of electing a Commission president, the European Council first proposes a candidate. This does not require unanimity, but a qualified majority (55% of member states representing 65% of EU population). None of the EU's four largest countries by population have a head of gov't from the EPP, meaning there is no guarantee that they would offer their backing to a second VdL term post-EP elections.
- Should VdL get the support of the EUCO, then she would face a vote in Parliament requiring an overall majority. In the 2019 vote, she secured the support of 383 MEPs, just over the 374 threshold required for a majority.
- Based on average seat projections in Feb, the combined number of MEPs from the EPP, liberal Renew Europe and centre-left Progressive Alliance of Socialists and Democrats following the elections could stand at 400. Given that not all S&D or RE MEPs could be relied on to back VdL, her re-election is not guaranteed.
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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.