EuropeGermanyâs 2021 election and why it matters to markets
Danilo MasoniDhara RanasingheYoruk Bahceli
4 minute read
Dark clouds hang over the financial district as the spread of the coronavirus disease (COVID-19) continues in Frankfurt, Germany, March 16, 2021. REUTERS/Kai Pfaffenbach
Itâs rare for German elections to be exciting, market-moving events but the one on Sept. 26 may prove the exception if its outcome completes the transformation of a nation long wedded to austerity into a big spender.
The election will end Angela Merkel s 16-year stint at the helm of Europe s biggest economy, and the Greens have a chance to become the leading party in national government for the first time in their 40-year history.
By Reuters Staff
(Adds quotes, background, detail)
ATHENS, May 13 (Reuters) - The head of the euro zone’s bailout fund said Greece should be able to manage its soaring public debt as economies recover from the coronavirus pandemic but would need to focus on strengthening productivity and labour markets.
Greece’s public debt has jumped to more than 200% of gross domestic product, the highest level in the European Union, as the government has pumped in money during the crisis.
But despite its junk credit ratings, Greece is included in the European Central Bank’s Pandemic Emergency Purchase Programme and its 10-year borrowing costs have fallen below 1%.
Finanzpolitik: Stoiber und Steinbrück fordern ein Ende exzessiver Schuldenpolitik t-online.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from t-online.de Daily Mail and Mail on Sunday newspapers.
President of the Hellenic Republic Katerina Sakellaropoulou will inaugurate the 6th Delphi Economic Forum that kicks off in Athens at 11:00 on Monday, with an introductory speech that will be followed by the addresses of the presidents of Estonia and Slovakia, Archbishop of Athens and All Greece Ieronymos, European Commission Vice President for Promoting Our European Way of Life Margaritis Schinas and the president of the ‘Greece 2021’ Committee Gianna Angelopoulos-Daskalaki. The forum will run until Saturday, May 15.
More than 1,000 guest speakers from 42 countries will take part in the discussions held at the forum, which are divided into 10 broad themes, either attending physically at specially equipped studios at Zappion or online.
Preventive policies, containment strategies, and early responses are more efficient, cost-effective, and manageable than combatting a full-scale infectious pandemic outbreak.