a bonus and the minimum wage will be increased. but with germany seeing record covid infection and death rates, for many voters, the biggest challenge right now is how the incoming government will fight the pandemic. translation: the first thing should be to sortl out the pandemic. it cannot stay like this. that s the top priority for me. translation: i think the most important thing at the moment| is the covid crisis. there s nothing else as far as i m concerned. and how will we proceed with vaccinations? what are the new regulations? the leaders of the new coalition appear to have energy, ambition and confidence qualities they will need given they are taking over in a time of crisis. damien mcguinness, bbc news, berlin. peter schaffrik is chief european strategist at rbc capital markets here in london.
germany will push for or at the very least allow to be funded on a european level because we know that the ndu, the next generation budget been controversial for the fiscal halls of germany. you have some fiscal hawks in a government thatis fiscal hawks in a government that is generally much more appreciative of public spending. this will be a key struggle, really. struggle, really. thank you very much struggle, really. thank you very much indeed. - struggle, really. thank you very much indeed. peter i struggle, really. thank you . very much indeed. peter there from rbc capital markets. so will germany s new government mean a change of political power in europe? france and italy are due to sign a treaty later forging closer ties. let s speak to thomas michalski economics professor from the hec business school in paris he s in rome this morning. nice to see you. i don t know if you overheard the conversation but really interesting to think about how
As inflationary pressures mount worldwide, money markets are charging ahead with pricing aggressive interest rate rises, in most cases betting that policy will be tightened far sooner and at a much faster pace than rate-setters are signalling. Energy prices at multi-year highs and relentless supply chain snarls have raised fears of a future inflation spike, .