Posted on 09/25/2014 3:05:31 PM PDT by Lorianne
Alternative für Deutschland has swept through Germany like a tornado, winning 12.6pc of the vote in Brandenburg and 10.6pc in Thuringia ___ The stunning rise of Germany’s anti-euro party threatens to paralyse efforts to hold the eurozone together and may undermine any quantitative easing by the European Central Bank, Standard & Poor’s has warned.
Alternative für Deutschland (AfD) has swept through Germany like a tornado, winning 12.6pc of the vote in Brandenburg and 10.6pc in Thuringia a week ago. The party has broken into three regional assemblies, after gaining its first platform in Strasbourg with seven euro-MPs.
The rating agency said AfD’s sudden surge has become a credit headache for the whole eurozone, forcing Chancellor Angela Merkel to take a tougher line in European politics and risking an entirely new phase of the crisis. “Until recently, no openly Eurosceptic party in Germany has been able to galvanise opponents of European 'bail-outs’. But this comfortable position now appears to have come to an end,” it said.
The report warned that AfD has upset the chemistry of German politics, implying even greater resistance to any loosening of EMU fiscal rules. It raises the political bar yet further for serious QE, and therefore makes the tool less usable.
(Excerpt) Read more at telegraph.co.uk ...
As long as the CDU/SPD can maintain their grand coalition, the euro should be safe.
Calling them Germany’s UKIP is disingenuous. They don’t want to dismantle the EU and return to a continent of sovereign states, they just want to get rid of the Euro and reform the EU so that it better suits the interests of the Fatherland.
Calling them Germany’s UKIP is disingenuous. They don’t want to dismantle the EU and return to a continent of sovereign states, they just want to get rid of the Euro and reform the EU so that it better suits the interests of the Fatherland.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.