Although Germany’s chancellor Angela Merkel looks unsinkable, clouds seem to accumulate over her political future despite having reached a last-minute agreement on the migrants crisis’ management with her interior minister Horst Seehofer.
The latter, Christlich-Soziale Union (CSU) leader and ally, remains instrumental in the very existence of the quite fragile political coalition Angela Merkel relies on with a view to completing her fourth mandate.
However, Cyceon assessed that the agreement remains too vague for it to have any empirical impact in the coming weeks or months, therefore possibly unable to stop the anti-migrants, rightist Alternative fur Deutschland (AFD)’s electoral growth in Bavaria, a lander that’s been CSU’s stronghold for decades. In two simple words: too late?
More importantly, the looming trade war between Merkel and her US counterpart Donald Trump is raising concerns about her ability to continue Germany’s seemingly endless economic boom.
In addition to European partners which are increasingly questioning the German leadership, the International Monetary Fund (IMF) has cut its 2018 forecast for German GDP growth to 2.2 percent, 0.3 percentage points less than in previous forecast from April 2018.
Considering ongoing political difficulties for Merkel, any additional disappointment especially on the economy could well send her out of the Bundeskanzleramt – The Federal Chancellary, warns Cyceon.
© Cyceon, copy unauthorized without written consent.