Top business people around the world hope that German Chancellor Angela Merkel will retain her grip on power, believing her re-election would strengthen the euro zone’s economic prospects.
Germans go to the polls on September 22 and, elsewhere in the EU, controversial issues such as working towards a euro zone banking union look like they are being put on hold, reflecting reluctance to take any major policy decisions until the poll result is known.
Of more than 1,500 business people polled in the FT/Economist Global Business Barometer quarterly survey, more than 60 percent said Ms Merkel’s re-election would make them more confident about Europe’s economic prospects. Only 16 percent said it would make them less confident, with the rest saying they did not know.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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