Goodbye to Berlin; German Business and Politics  

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Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 400 no. 8746 (Aug. 2011), page 35-36.
Topik: Business Government Relations; Problems; Government; Political Parties; Public Officials; Business Community; Geographic Profiles

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Many German business leaders are wondering if the apparently never-ending euro-zone bail-outs, to which Germany is the biggest contributor, are beginning to outweigh the (considerable) advantages of the single-currency area. Their concerns are aggravated by what they see as political drift in Berlin. Many German bosses, say those close to them, have lost faith in the ability of Angela Merkel's government to steer Europe out of trouble. Many business leaders complain that the government, which yokes together the conservative Christian Democrats (CDU) with the pro-business Free Democrats (FDP), is plagued by in-fighting. Now differences over the euro are adding to the headache. In September Merkel must secure parliamentary ratification of a deal she agreed with other euro-zone leaders in July to expand the powers of the single currency's bail-out fund. Dissent from some FDP deputies, and even from within the CDU itself, could force her to rely on support from the opposition. Some in the business world are starting to feel nostalgic for earlier governments they think were better at getting things done. Today German bosses feel that they have few buddies in Berlin.

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