The EU may get its first far-right president. But does it matter?

Sunday may be a pivotal turning point for Europe, but not because of the presidential election in Austria. A referendum in Italy could bring the euro back to crisis point.

In May, when Austria held its first attempt at holding a presidential election, newspapers in the UK and the US were full of breathless coverage. "Austria is on the brink of electing Europe's first far-right president since WWII" they declared.

The BBC and The Guardian both used the occasion to run features about the 'rise of nationalism and populism in Europe', both of which curiously left out Britain's own UK Independence Party. 'Populism is other people' they convinced themselves. Now, after Brexit and Trump, the Anglo-American coverage is quite different.

And the coverage has returned, because the Austrian election is being re-run this Sunday, 4 December. 

In May, the far-right candidate Norbert Hofer, the leader of the Freedom Party, was beaten by Alexander Van der Bellen from the Green Party by just a few thousand votes. The two were facing each other in a shock second round after the country's main center-right and center-left candidates were eliminated. It was the first time a candidate from either the Greens or Freedom Party made it to the second round.

A week of turmoil for Europe

Yesterday was a big news day for EU politics, with a series of high-profile speeches in reaction to the disastrous election result in Italy on Monday. But despite the many speeches, the message has been singular: there is “no alternative” to austerity, and hostility toward the EU in domestic politics is exascerbating the euro crisis.

The day started with a speech by humiliated ‘technocrat’ prime minister Mario Monti at the European Commission. Having been rejected by his home country, it is perhaps unsurprising that the former European Commissioner wanted to come to Brussels, where people understand him. It was Brussels after all, at the behest of Berlin, who installed Monti on the Italian throne after forcing out Silvio Berlusconi at the height of the Italian crisis in 2011.

And it is no coincidence that it was the ‘Italians abroad inEurope’ voting region in which Monti received his highest share of the vote – 30%. This compares to the 9% of the vote he received at home – less than half the vote chare received by anti-establishment comedian Beppe Grillo.