Germany elections are almost over after moths of empasse.
I say almost as there is the agreement – but it has to be ratified by the SPD members.
The big loser would be Angela Merkel party as it had to relinquish a lot of power to the SPD.
The SPD has a more risk-sharing and “investment in Europe” approach so it could be good for Europe.
There is still quite an elevated disagreement that could instead paralyze Germany.
Meanwhile France is pushing for more European economical integration – while Northern Europe always is dragging its feet.
Most likely reforms will be passed, but watered down.
But first let’s see if the SPD referendum gets ratifies.
investorpolitico 