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A center-right alliance led by German Chancellor Angela Merkel appeared on course for a narrow victory in Germany's national elections Sunday, potentially putting it in a position to relaunch Germany's stalled economic overhaul at a time of growing demands for Europe's biggest economy to do more for global growth. Ms. Merkel's conservative Christian Democratic Union and its pro-business ally, the Free Democratic Party, were set to win a slim majority in Germany's lower house of parliament, according to early exit polls.
Ms. Merkel's conservative Christian Democratic Union and its pro-business ally, the Free Democratic Party, were set to win a slim majority in Germany's lower house of parliament, according to early exit polls.
See - the WSJ says so... In the long run, we're all dead. John Maynard Keynes
"The national mood and the whole party spectrum has shifted to the left," says Josef Joffe, one of Germany's leading political commentators, who teaches international studies at Stanford University and publishes German weekly newspaper Die Zeit. "Neither the FDP nor the CDU will attack the kind of issues that Germany needs to attack, to get off its sclerotic average economic growth of 1.5% in the last decade," Mr. Joffe says.
"Neither the FDP nor the CDU will attack the kind of issues that Germany needs to attack, to get off its sclerotic average economic growth of 1.5% in the last decade," Mr. Joffe says.
And yes, I can´t stand him! He´s a neo-con and an id*ot. But I sure hope he is right here. :)
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