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Jose Santamaria Chief Investment Officer, Fundamental Investment Services

Protests Across Europe Could Trigger a Right-Wing Wave

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In this interview

Jose Santamaria

Fundamental Investment Services chief investment officer Jose Santamaria tells John Catsimatidis that after the demonstrations seen on the news, he thinks Europe should expect a rightward shift, with most countries becoming center-right or right-governed. He expects those governments to make dealing with radical leftist demonstrations a priority and to cut the European Union’s budget. He thinks Norway and Finland can have a tremendous impact on negotiations between Russia and Ukraine.

Key takeaways

  • Santamaria predicted most European countries will become center-right or right-governed.
  • He said the radical leftist demonstrations are clearly organized.
  • Santamaria said he expects the European Union’s budget to be cut and Ukraine’s war funding affected.
  • He said the flow of immigrants into Spain is constant.
  • Santamaria said he doesn’t think anyone wants Russia bankrupt, which would trigger massive migration into Western Europe.

In their words

“what you should expect in Europe is a rightward shift in most European countries.”

— Jose Santamaria, at

“I also think that they will cut the European Union’s budget.”

— Jose Santamaria, at

“I think Norway and Finland can have a tremendous impact in negotiations between both parties.”

— Jose Santamaria, at

Quotes are word for word from the automated transcript, uncorrected; the summary and takeaways are editorial.

Transcript

Automated transcript · uncorrected

Speaker 1 Well, with us today is a good friend and one smart guy. We have Jose Santamaria to give us an update of his opinion of what the heck is going on in Europe, what’s going on in Spain, what’s going on in France. Well, Jose, give us an update.

Speaker 2 Great to be with you, John. Well, I think after the demonstrations that we have all seen over the news, what you should expect in Europe is a rightward shift in most European countries. Most likely in France, Marie Le Pen, in Germany, Alice Wadel, in Spain, either Vox or the PP party, most European countries are going to become center-right

or right-governed countries. In their agendas, the most important thing, I believe, it is to deal with these radical leftist demonstrations. They are clearly organized to the point that even in the case of Spain a couple of days ago, the police arrested members of ETA, RIA, and some of the Italian terrorists together. plotting against police in Spain. So I

think that’s going to be a priority. I also think that they will cut the European Union’s budget. I think that’s a big thing. And finally, I think that it will have implications for Ukraine’s war funding as well.

Speaker 1 Well, Thank you so much. And tell us about Spain. Are they still getting invaded every day?

Speaker 2 Well, that has continued. The flow of immigrants is constant. It’s important to say that, as you know, there is an election coming very soon. And the Spanish prime minister counts, has tried absolutely everything to count on the vote of migrants.

It’s very hard to tell if those are legal or illegal votes, if they have the right. It would appear, according to the Supreme Court and the Constitutional Court, that all what the Spanish prime minister has tried is actually pretty much illegal. And those migrants are essential because what he’s trying to do really is replace the Spanish vote,

which is purely against him, with migrant vote, whether legal or illegal. So this is a big thing happening. This prime minister in Spain is very tough, and you can assume that he’s going to fight till the end.

Speaker 1 Now, let me ask you another question. All these protesters in Spain or in. Are any in France, in Germany, some in Italy, some in Greece, are any of them, I guess, is any money coming from foreign sources? Your opinion.

Speaker 2 Absolutely. Absolutely, John. Absolutely. These groups are funded. In some instances, there’s links to organizations which are very close to George Soros in some instances. What is clear is that you always find the hand of the Cuban Marxist, which can no longer manipulate Venezuela. Now, I believe they’re trying to manipulate to a large extent Venezuela. all these radical groups

in many countries. They have the money, remember they have the money, they had the money from Venezuela, so it takes very little to find these youngsters to go out there and demonstrate. So any reason for a demonstration, they have the ability to make it become violent and radical to the point that in the elections that are taking

place in Spain, for example, Whenever the center-right parties have tried to have a meeting, a public meeting, they’ve basically gone and vandalized the meeting, got in trouble with people attending to the point that the police have had to intervene.

The leftists are people that don’t like when they don’t run governments. And let me remind you, Spain has a big experience in this because that’s what triggered the 1936 Civil War. That’s why you see in Spain the police being very tough. Unfortunately, other European countries that might have not gone through a civil war don’t realize how important

it is to cut these radical leftist demonstrations anymore. as soon as possible. And that’s something we have to do as well in America. We have to prevent young people from getting involved in this violence. Understood.

Speaker 1 Anything else you want to tell the American people about Europe, about the meeting of the Prime Minister from Canada going to Turkey today, or the meeting of Smolenski going to Norway the other day, too?

Speaker 2 Well, I think in the case of Norway, it might be the only country that is in a position to negotiate and be able to bring Zelensky to terms. because of the historical relationship with Russia. I don’t think anybody wants Russia to blow up. It could have gone bankrupt, John.

I don’t think nobody wants Russia going bankrupt because that will trigger massive migration into Western Europe. I think that Zelensky at this point, he has to figure out a deal that is reasonable because both parties are suffering tremendously.

I think Norway and Finland can have a tremendous impact in negotiations between both parties.

Speaker 1 Understood. Thank you so much, Jose Santamaria, for coming on today. Keep your eyes open and let’s see what the heck is going on. I will, John.

Speaker 2 Always good being with you.

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