Poll: Will Angela Merkel’s Position on Financial Reform in Europe Soften?
In a poll conducted earlier this week in the CFA Institute Financial NewsBrief, we asked readers whether Angela Merkel’s position of economic reform will soften now that she has won reelection.
A large majority of the 667 respondents, 81%, said no: They expect the German chancellor’s famously austere stance toward Europe’s economically struggling nations to remain the same. This view is consistent with Merkel’s own post-election statements, in which she continued to iterate her opposition to a temporary debt repayment fund, despite widespread European support. Those who believe that Merkel’s position will soften may be considering the resounding election defeat of “eurosceptics” and her likely coalition partners’ left-leaning stance. Regardless of Merkel’s actual preferences in her new term, events requiring coordinated solutions continue to unfold in Europe, including the likely creation of a new relief plan for Greece, the French government hitting new record debt levels, a possible Ukrainian bailout and continued troubles in Spain and Italy.
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