Europe: centre of power fundamentally changed, says former Secretary General of the Irish Department of Finance

John Moran, former Secretary General of the Irish Department of Finance, speaking at a Chartered Institute for Securities & Investment (CISI) event in Dublin yesterday (29 May 2019) said that following the European elections the centre of power in the European parliament has fundamentally changed.

The results, said Mr Moran, mean that the duopoly of power between the European Peoples Party and the Socialists is broken. This will impact the Parliament’s priorities for the next five years, and critically define how the next generation of EU leaders will be selected.

The much-feared lurch towards populist nationalist ideals didn’t happen, and the largest voter turnout since 1994 has given a strong mandate to pro-EU parties.

View the full press release here