This week’s elections for the European Parliament are an example of Europe’s new mood. In Germany and France, voters supported incumbent conservative or centrist parties. In Spain and the U.K., they punished center-left parties that are at the helm. All over, the left got trounced.
“Social Democrats get hammered for their belief that the voter honors throwing taxpayer money at failing corporations,” Wilfried Prewo told me by e-mail. He is chief executive of the Hannover Chamber of Industry and Commerce, which represents an area of Germany that includes Volkswagen’s home.