Germany’s Biggest Concern: It’s China, Not Greece |
| CNBC - Sep 19, 2012 |
Berlin, not Brussels, will decide the future of the ailing euro zone because Germany's economic power and its status as the European Union's main paymaster give it an effective veto over key decisions.
So it comes as a surprise to find that in Berlin's corridors of power, the main worry is not whether Greece sticks to its reform pledges or Spain demands an EU bailout.
As the world's third largest exporting nation, Germans are far more concerned about whether China loses its appetite for their machine tools and cars, or about what the famed Teutonic manufacturers should make in the year 2030.
Dominating the stage in Germany is the towering political presence of Chancellor Angela Merkel. Just over a year before federal elections, she looks unbeatable.
Opinion polls show her CDU/CSU party winning between 35 percent to 39 percent, well ahead of the next biggest grouping, the opposition Social Democrats on 26 percent to 30 percent.
Read Full Article from CNBC
- Posted: 2012-09-19 13:41:58
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