Economists voiced their concerns over the country’s economy at an economic summit hosted by German newspaper Suddeutsche Zeitung. at This particular point in its twelth year, the three-day congress holds discussions on the latest political, commercial in addition to also economic events facing the planet. The motto of This particular year’s gathering can be “Building Trust,” a timely theme given a rise in populism in Germany in addition to also throughout Europe.
The region has seen many voters turn away via traditional political parties towards anti-establishment movements, often with controversial policies on immigration (such as those promoted by the Alternative for Germany party) in addition to also economics (such as those via Italy’s populist coalition government, made up of the right-wing Lega party in addition to also 5 Star Movement, in which can be currently the subject of dispute with the European Commission).
Germany itself can be in disarray on the political front with Chancellor Angela Merkel’s coalition government, which has been dogged by policy disagreements in addition to also infighting since its troubled inception in March, looking increasingly fragile.
Merkel has said she will not stand for the party leadership in December in addition to also said she could not stand for election again after 2021. Meanwhile, there are rumors in which Horst Seehofer, the head of her conservative partner, the Christian Social Union (CSU), could step down via the party after poor performances in recent regional elections. The Social Democratic Party’s place within the coalition can be also looking tenuous with voters appearing to punish This particular for not remaining in opposition.
Asked whether politicians in Germany were hearing the “wake-up call” via voters in addition to also whether there could even be a sudden election in Germany ahead of the scheduled one for 2021, ZEW’s Wambach was neutral.
“We see instability inside political system in addition to also there can be a debate over how long the government will stay together. (nevertheless) those people who are in charge at the moment, they don’t benefit via any fresh elections,” he said.