Bloomberg Writes: Merkel Records Biggest Victory Since Kohl’s Reunification Vote

Angela Merkel won an overwhelming endorsement from German voters, putting the country’s first female chancellor on course for the biggest election tally since Helmut Kohl’s post-reunification victory of 1990.  Merkel’s Christian Democratic bloc took 41.8 percent to 25.6 percent for the Social Democratsof Peer Steinbrueck in yesterday’s election, projections on ZDF television showed at 12:02 a.m. in Berlin. That leaves her short of a majority and needing a coalition partner to govern Europe’s biggest economy.

 “This is a super result,” Merkel, who is now set to become the fourth chancellor since the war to win a third term, told supporters at her party’s headquarters in Berlin. “To the voters, I promise that we will handle it responsibly and with care. We will do everything we can in the next four years to ensure that they’re once again successful years for Germany.”

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In one of my previous posts Germany Should Leave The European Union. Like Now  I have argued that German people have a wonderful opportunity to shift the direction of their country towards economic prosperity.   Unfortunately that did not happen on September 22nd as Merkel and her party won re-election.  While seemingly unimportant, this decision will have severe consequences on the overall global economy.

Germany is an economic powerhouse and is the only thing that’s keeping “fiscal mental hospital” that is European Union together. I strongly believe that without Germany, European Union has no chance for a very long survival.  German people had a wonderful opportunity to set their country on the path to eventually leave the EU by voting for AfD, but they let it slip away.

So, what now?

Unfortunately, for Germany nothing will change going forward. Germany will continue to support Greece, Italy, Spain and the rest of the freeloaders for the foreseeable future at the expense of the German people. That will put a significant drag on the overall German economy and any chance of loosening up the shackles that could have set Germany on the path to economic prosperity they haven’t seen before.

In summary, more of the same as fiscal insanity that is EU continues uninterrupted.

 

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