With Emmanuel Macron’s election as French president, a sharp critic of Germany’s vast export surplus has become one of the most powerful men in Europe. Although his opinion is shared widely by commentators, politicians, and organisations such as the IMF, the German public is still largely ignorant of the devastating consequences of the macroeconomic policies of its current government. Unless this changes, the internal cohesion of the European Union and the well-being of its citizens are under serious threat….
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She looks as unruffled and collected as ever: Angela Merkel’s relentless success is much in the line of German politics, which eulogises experience and calmness in the face of major challenges.
In September, Germans will head to the polls to vote for a new parliament. While European countries such as the Netherlands or France have seen massive rises in far-right movements, Germany – while being one of the most permissive countries when it comes to immigration – has been largely untouched by any kind of political shift.
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When German Chancellor Angela Merkel publicly stated that she hopes Emmanuel Macron will win the French presidential elections, few were surprised. Not only have both sides been in regular contact over the past months, but it also seemed unlikely that Merkel would refuse to back the only person still able to prevent a Marine Le Pen presidency.
Nevertheless, if Macron wins on Sunday, which current polls suggest is likely, this will not only be a relief for Merkel, but will also put her in a difficult position. Macron, who has run on a decisively pro-European platform, will need to prove his ability to achieve reforms once elected. For his planned reforms on the EU-level however –– which most prominently feature a common eurozone budget and parliament –– he will rely on German cooperation. The problem? Until now, the appetite of Germany’s current government for Macron’s reforms has been rather low.
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