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Barings commentary on Chancellor Merkel
Dr Christopher Smart, Head of Macroeconomic and Geopolitical Research (環球宏觀經濟及地緣政治研究主管), comments on Chancellor Merkel: “Chancellor Merkel’s decision is probably i...
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Barings commentary on Chancellor Merkel
Institution : Baring Asset Management (Asia) Limited
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2018/10/30 16:47
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Dr Christopher Smart, Head of Macroeconomic and Geopolitical Research (環球宏觀經濟及地緣政治研究主管), comments on Chancellor Merkel:
 
“Chancellor Merkel’s decision is probably inevitable given how badly her personal brand of leadership has eroded.  But it likely sets in motion the unraveling of the current grand coalition at a moment when Germany’s centrist powers are beleaguered and voters seem to be drawn to extremes.
 
“The short-term risk is that Germany digs in on strict interpretations of EU rules that force both a hard Brexit and a swift confrontation over Italy’s budget deficit.  The long-term risk is that Germany’s future leaders no longer see their future as anchored in the European Union.”
Baring Asset Management (Asia) Limited's Commentary
 
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