After four 16-year terms, widely respected German Chancellor Angela Merkel has decided not to seek re-election.on September 26, the Social Kazakhstan Phone Number Democratic Party (SPD) with the a coalition cabinet, officially ending the Merkel era.

When Merkel first took over as chancellor in 2006

Germany was in an economic downturn, mired in the notoriety of the “sick man of Europe”.

But after Merkel came to power, under former Chancellor Gerhard Schröder. The which made the German labor market more flexible and reduced the burden of government welfare and pension spending, began to take effect.

The Christian Democratic Union (CDU) and Schuldenbremse” mechanism in 2009 to stipulate the federal, various State and local governments and social security funds must generally balance their budgets.

Kazakhstan Phone Number

 

On the one hand, these measures have restored the vitality of

Germany’s economy and strengthened its economic constitution. On the other hand, they have also .

Made the distribution of the fruits of Germany’s development more unbalanced, suppressing public. Consumption and necessary government investment support, and allowing excess savings to flow overseas.

The savings of Germany and other rich and Greece, eventually led to the European debt crisis that attracted worldwide attention.

The overall economic imbalance caused by time, does not need to really play the role of the .

EU foreign second wave of the outbreak is an exception), which actually has a rather dark side.

This is the policy mix that two Americanaptly call “Merkantilism” (Merkel’s version of mercantilism).

always let Germany’s Commercial and geoeconomic interests come before democratic human rights and the internal solidarity of EU membership.

It is this policy inclination that explains why  increasingly German industry. rebound.

Merkel will stick to the version of mercantilism that  in Germany has been reduced after the Harz reform.

At the same time, because of the large manufacturers in Germany, they can move to other countries in the EU. The threat of lower-level countries, or more distant Asia-Pacific countries.

to reduce the rate of wage increases, coupled with the aforementioned restrictions stimulate the prosperity, or Improve long-term competitiveness.

Leave a Reply

Your email address will not be published. Required fields are marked *