FRANKFURT | By Lidia Conde | We saw it coming: today nobody could beat Merkel. No other candidate had won all the opinion polls. The victory of the CDU/CSU with a 42% of votes (according to polls on Sunday), is mainly due to the Chancellor’s charisma. In these times of economic uncertainty, Germans have shown that they do not want experiments nor surprises. She has won the elections saying that Germany is doing well and this Government is the best. No matter whether this is truth or not- the message has passed.
Articles by Lidia Conde
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MADRID / FRANKFURT | By Tania Suárez and Lidia Conde | Practically all eyes are on the German elections of September 22 since apparently the future of all Europe lies on those results. However, German political parties have dodged the issue of the economic crisis in order to sell an image of an almighty Germany. Chancellor Angela Merkel represents the perfect German: an ordinary, accessible, hardworking woman concerned about her country. The perfect candidate for Germany… or not.
FRANKFORT | What are the ingredients of that Germany’s economic magic potion? There is one worth bearing in mind: the dismantling of the social welfare.
FRANKFORT | Frankfurter Allgemeine Zeitung‘s editor Frank Schirrmacher: “What sovereign rights and competences do we have to transfer, also Germany, to build a strong continent? Europeans will have to decide what price are we ready to pay for a cooperative Europe.”
During the rest of the year, the Ibex should improve its performance against the SMC, according to BNP Paribas broker.
Klaus Hafemann, director of the Cologne Institute for Economic Research: “Almost no German likes the idea that the ECB could expand its monetary-policy mandate to actively finance states. But sometimes you have to do things you do not like.”
“From 2010 till now German industry has made great business and has recorded excellent benefits. Many companies thought this was going to go on forever. It is not.” The words of Berthold Huber, president of the powerful IMF union.
FRANKFURT | Public pensions will be cut down by 2 percent, leaving many retired workers with less than €600 a month. That is under the minimum wages deemed sufficient in the country. Shocked? Don’t be. Look behind the picture of a wealthy Germany.
Helga Jung is the first woman to enter the board of Allianz, the largest insurance pool in the world, in the center of German finance. The…
FRANKFORT | That is the view from Berlin: the biggest problem Germany contends with is Europe. And this is so particularly because of this fact, more…