EU globalization fears most acute in Austria and France: study
Supporters of Marine Le Pen, French National Front (FN) political party leader and Member of the European Parliament, attend a FN political rally in Brachay, France, September 3, 2016. REUTERS/Gonzalo Fuentes
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
By Noah Barkin
BERLIN (Reuters) - Fear of globalization is the most important factor in pushing European citizens towards populist right-wing parties and those fears are most acute in Austria and France, a survey by Germany's Bertelsmann Foundation showed on Wednesday.
The study showed that 55 percent of Austrians and 54 percent of French view globalization as a threat, the only countries surveyed in which a majority of respondents voiced that opinion.
The results of the survey of 14,936 EU citizens could deepen concerns among mainstream parties in these countries ahead of a presidential run-off vote in Austria on Sunday and a French presidential election next year in which far-right National Front leader Marine Le Pen is expected to do well.
By contrast, just 36 percent of British citizens said they feared globalization, the sometimes disruptive process by which people, companies and countries around the world have become more interconnected through trade, investment and advances in technology.
The 36 percent rate was the lowest among the nine major European countries polled. Despite Britain's vote in June to leave the European Union, the survey also showed that Britons were the least worried about their economic situation, with just 26 percent expressing such disquiet.
The survey, conducted in August, comes amid growing concerns among traditional parties about a surge in right-wing populism, fueled by the Brexit vote and the election of Donald Trump earlier this month as president of the United States.
On Dec. 4, Austrian voters could make Freedom Party candidate Norbert Hofer the first far-right head of state in western Europe since World War Two. On the same day, a referendum in Italy that could lead to the resignation of Prime Minister Matteo Renzi and bolster the anti-euro 5-Star Movement.
In addition to France, the Netherlands and Germany will also hold elections next year.
The survey found that fears of globalization were a greater determinant of support for fringe parties than other factors such as traditional values and economic anxiety.
"Europe has particularly benefited from globalization. Yet many people feel they have been left behind," said Aart De Geus, chairman of the Bertelsmann Foundation. "The established parties need to incorporate this fear of globalization into their work."
Across the 28-nation EU, 45 percent of respondents said they viewed globalization as a threat, compared to 55 percent who view it as an opportunity.
But 78 percent of supporters of the Alternative for Germany (AfD) party and 76 percent of French National Front (FN) backers say they fear globalization.
France was the only country where a majority of respondents, or 51 percent, said they felt anxiety about their economic situation. Just behind it was Italy, where 45 percent expressed such worries.
(Reporting by Noah Barkin; editing by Mark Heinrich)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Talks expose limits of what Russia, Turkey and Iran can achieve in Syria
- SEC fines Citigroup, Morgan Stanley over forex trading program
- Families of New York's unclaimed dead get more access to graves
Create E-mail Alert Related CategoriesReuters
Related EntitiesDonald J. Trump
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!