Heavy losses for Merkel complicate European recovery policies

CDU election setbacks raise doubts over Europe’s economic rebound

Heavy losses for Chancellor Angela Merkel’s ruling Christian Democratic Union party in German regional elections have improved the standing of rival Markus Söder, Bavarian prime minister. The outcome will further complicate European economic and monetary policy-making.

Growing unrest in the CDU over Merkel’s leadership and continued doubts over Germany’s direction after the forthcoming general election in September are likely to make winning German consensus for the European Central Bank’s continued monetary easing still more problematic. The complexities of Germany’s kaleidoscopic federal decision-making, which is increasingly hampering pandemic policies, may encumber enactment of the €750bn European Union recovery fund, crucial for spurring the continent’s economic rebound.

In a disastrous showing for Merkel and newly elected CDU chairman Armin Laschet, the score of Europe’s pivotal political party slumped to record lows in state elections held on 14 March in Baden-Württemberg and Rhineland-Palatinate. Both regions are former CDU strongholds.

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Πηγή: omfif.org

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