Germany’s fractured election results may prove that as much as things change, they remain the same.
Chancellor Angela Merkel has ruled the world’s fourth largest economy for 16 years. Its macroeconomic policy legacy includes strict fiscal and business-friendly wage restrictions, with Germany’s current account surplus at 8% of GDP, making it the largest in the world. He supported a mid-career approach to eurozone integration and opposed permanent debt sharing among countries, but by allowing the European Central Bank to achieve this, I did not push any of them into the abyss. By procrastinating, or by giving some negative financial flexibility.
Merkel’s business-focused vision for Germany continues today
Source Link Merkel’s business-focused approach to Germany continues today