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The long shadow of Merkel: Germany has a future of delay and gridlock

5 9 0

The German public have a deep-seated, if misplaced, love for Angela Merkel. It centers around the notion that mutti (or “mommy”, as the Germans somewhat creepily call her) managed, through the skillful use of tactics, to keep many of the perils of her age away from placid Germany.

Merkellism’s reliance on managing crises rather than solving them has taken a lasting toll on Germany, and by extension Europe.

Merkel may well come to be seen as the Louis XV of Europe, a leader who sowed the seeds for greater cataclysms to come in, rather than solving the problems of her time. The upcoming German election will do nothing to change this doleful historical verdict of her.

In political risk terms, we already know the outcome of the pivotal German election this weekend: Germany will have an unwieldy three-party coalition and nothing will get done. The math is the most important factor in assessing the outcome, not the horse race.

The incredible acts of self-sabotage of the erstwhile front-running center-right........

© City A.M.

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