‘Incertitudes allemandes’ back again, Global trends in interest rates

Capt. John

Commentary: ‘Incertitudes allemandes’ back again

By David Marsh in Berlin

German instability is back again. Angela Merkel, presiding over the ruling Christian Democratic Union as chairman since 2000 and as chancellor since 2005, will step down from the party leadership in December. She protests that she will stay the course. A fight is brewing among the (at least) four disparate candidates for the party chair. The odds are shortening on her departing from the chancellorship well before general...

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