Germany gets a new PM

DavidsMedienkritik is posting the news that Gerhard Schroeder is officially out, and will be replaced by Angela Merkel, who will lead a "grand coalition." Unfortunately, such coalitions have a tendency toward paralysis. Time will tell, of course, but Merkel has a lot to lose if she cannot bring about reforms and get Germany's economy going.

Thomas Lifson   10 10 05

DavidsMedienkritik is posting the news that Gerhard Schroeder is officially out, and will be replaced by Angela Merkel, who will lead a "grand coalition." Unfortunately, such coalitions have a tendency toward paralysis. Time will tell, of course, but Merkel has a lot to lose if she cannot bring about reforms and get Germany's economy going.

Thomas Lifson   10 10 05