Monday, October 10, 2005

Bye Bye Schroder.. Hallo Angela

The former German Chancellor, Gerhard Schroder, leaves active politics.
After a tough exchange on how to sort Germany out of its political deadlock, Schroder gives up and leaves the post of Chancellor to Angela Merkl, the first woman to become head of the government in Germany.

Merkl's government will be supported by a grand coalition, supported by the centre left and the centre right. The ministers will be equally distributed.

The open question is whether the new German Thatcher will be able to solve the economic crisis of Germany by reforming the rules of its market. This is not a very easy task, but Germany and, more generally Europe, desperately need an acute awareness of the structural problems that burdens our economic development.

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