Euro Up Markets Down Merkel Elected

Euro Up Markets Down Merkel Elected.

The German people have re-elected Angela Merkel in the German General Election. There is a again no outright majority and the Merkel, leader of the Christian Democratic Party will form a coalition.

The vote is a strong message by the German people that they want a steady, ‘don’t rock the boat’ future to their government and economy.

Demand for the Euro has risen, with the pound and the dollar weaker.

Stock markets fell slightly across western markets, not necessarily on the news of the German election but on the uncertainty that a coalition government  will be formed.

Comment

We expect Merkel to form a coalition and the markets to recover their early morning losses.

We suggest the Merkel result is good for the German people and good for Europe as a whole.

Admire the Germans or not, the Germans are organised, hard workers who experienced the austerity measures that we face now over 10-15 years as they rebuilt East Germany to again make Germany the strongest and largest economy in Europe. 

Even their elections are on a Sunday to save losing work time.  We could learn a lot from them.