Media: Merkel — no longer a symbol of financial stability

7

СМИ: Меркель — больше не символ финансовой стабильности

Federal Chancellor Angela Merkel has done much to ensure that Germany has lost its status as an economically stable country in the eyes of the leaders of Europe and even around the world. Sure and stock brokers, and financial analysts, the newspaper writes Die Welt.

A striking example of this was the situation of sleep stock markets on Friday, June 15. After the news Agency DPA reported that the party CSU terminates your 70-year-old Alliance with the CDU, has plunged the German stock index DAX. Information about the collapse of the coalition denied within a few minutes, however, the situation remained tense.

From this we can conclude that by itself, the party of the CDU, like its first person, Frau Merkel, in the Finance community is no longer perceived as a subject who is able to save the Western economy. In the eyes of experts state Chancellor in the thirteenth year of his career “is increasingly losing room for manoeuvre,” writes the lead economic review. Moreover, the financial experts have again started talking about the so-called “twilight Merkel” (Merkeldämmerung). The topic has been raised at the end of 2017, but then died down a little. Now, the picture on the stock exchanges again gives food for thought.

So, if the disagreement in the coalition of the CDU/CSU will continue until the end of the month or if the Federal government violates it, the financial performance in Frankfurt will continue to fall.

“Investors could be confused. If the German government coalition will fall on European stock exchanges may concern,” — said Thorsten Polleit (Thorsten Polleit), chief economist of Degussa Gold Trade.

 

The lack of a climate of stability in Germany also emphasize the experts of the analytical centre Economist Intelligence Unit. According to the recent rating of the company, the stability of the economy in Germany is estimated at 21 points. For comparison, before the global financial crisis, the state had 6 points and up to mass migrations, 2015 — 13.

Even economists who are loyal to Angela Merkel, recently noticed that over the 13 years of her leadership, Germany has “done too little to maintain its position for the future.”

“In recent years Germany lives out of inertia, and is significantly behind in the competitive ranking,” says Carsten Brzeski said (Carsten Brzeski), chief economist at financial group ING DiBa. In his opinion, the country with Europe’s largest economy would cost more to invest in digital infrastructure and education.

A Professor of Economics at the University of Leipzig Snabl Gunther (Gunther Schnabl) argues that “in Germany for many years takes place idealistic backwardness reforms.”

At the same time at the European Central Bank (ECB) still consider Germany the key to successful banking Union and a stable Euro. Much depends on the outcome of the EU summit, which will take place in Brussels in 2 weeks. Recall, it will go on the EU budget for the coming years and the anti-crisis reforms (including those designed for dealing with the migration crisis). At stake will put huge amounts of money, and it means that political and economic reliability of Germany will play an important role.

LEAVE A REPLY

Please enter your comment!
Please enter your name here