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Olaf Scholz brings winds of change to Germany

Winners of the September election in Germany have reached a contract agreement which marks a major political shift in Europe’s largest economy after 16 years of a Christian Democratic-led coalition led by Angela Merkel. It shows a change in pace: this coalition shows that the Social Democratic SPD, Greens, and liberal FDP are. aim at the top beyond their very low number.

The three parties have similar ideas in two important respects. The same is true of civil liberties, which are reflected in many of the things that are offered from the drug program to easy access to citizenship. I am also committed to investing heavily in public finance and confidentiality in decarbonized and digital finance.

If the coming “traffic light agreement” is successful in its pursuit, it could provide the energy needed to make German and European policies, and do so in line with the green and digital standards that the EU and most of its countries follow. member states. But good negotiation agreements do not guarantee easy living in positions of responsibility.

In the long run, the money needed to rebuild Germany’s economy could be skewed by keeping lending limits and promising not to raise all taxes. This was asked by the FDP, whose leader Christian Lindner would serve as finance minister. The other two parties have pledged to use social grants, which are also linked to the economy.

But an understanding has been reached to make it easier for the government to borrow money, including extra money outside the central budget, more money for the state-run bank, and to review the technical accounting of financial regulations.

Flexibility can also be expected on a European scale. As Olaf Scholz of the SPD moves from the Ministry of Finance to the Chancellery as head of state traffic control, he has come up with an update on economic and economic change in the EU. The treaty looks at the EU-wide insurance system for securing deposits, and is open to changes in the stability of the treaty and the growth of the bloc “strengthening its resilience in the face of current difficulties”.

The advantage of long-term cooperation negotiations in Germany is that many difficult negotiations have taken place. But it remains to be seen how much more will survive the crisis, not just one-fourth of Covid-19 infections and deaths that are spreading across the country.

There are serious disagreements between the three parties, especially the FDP and the other two. Wise ways of following the spirit of financial law can confuse free voters. Green and open-minded foreign ideas are reflected in the program whose tone in Russia, China, and in terms of sound and sharp rules is beyond what other Europeans have learned to expect from Berlin under Merkel. But in doing so they will face opposition to the SPD, which was part of the outgoing government. Inevitably some voters will feel like they have been handed out.

Merkel’s political style and style often lead to tensions when domestic and EU tensions demand a change. The election showed his CDU party looking tired from a long tenure in government; can benefit from antitrust spells. If the promise of reform that the program offers is real, German politics, national economy, and Europe can all benefit.

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