When German Chancellor Angela Merkel took power last year, many people painted a rosy scenario for E...
When German Chancellor Angela Merkel took power last year, many people painted a rosy scenario for Europe's biggest economy. A pro-business government leading a grand coalition with the power to push through real change? It sounded precisely like the medicine needed to kick-start the German and euro-area economies. And now? Merkel's government, led by the Christian Democratic Union and the Social Democratic Party, looks even less effective than its predecessor, made up of Social Democrats and Green Party members. Investors have been betting big that Germany has changed fundamentally, and...
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