INTRODUCTION
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Just like the United States, Germany has a federal system of government. The people of Germany are set to hold their elections early this month to choose their new chancellor. The country is currently being ruled by Angela Merkel who is seeking a re-election for a second term in office. This will be a hotly contested national election in the history of Germany. It remains unclear though whether Angela will retain her seat or not. This article will offer information about election Germany and how they will affect the business in general. It will also discuss how these elections will affect the strength of their currency (Euro).
What will happen if Merkel does not win?
Germany has been the binding force behind the success of the European Union. Angela Merkel has been an active campaigner of the single Euro currency that is used by all the European nations. If Angela is going to lose in the upcoming election, then the future of EU will remain uncertain. This will occur only if the new chancellor will not be as friendly to EU as Merkel has always been over the years she has been in office. This will also affect the business relations that Germany has with other European nations and the world.
The Effect of Election Germany to the Strength of the Euro
The currency is experiencing crisis, where the strongest countries in the European Union are forced to bail out their counterparts from weak economies. This aspect has made many analysts feel that the union is bound to collapse in the coming years.
But the Euro is still strong and is trading highly in the foreign exchange market. However, these upcoming elections may change its fortunes overnight. The markets are currently in panic mode awaiting the Election Day. The success of these elections will generally affect the performance of the business.