A three-party “Jamaica” coalition in Germany may not be so bad for Europe as observers fear, writes Guntram Wolff of the Bruegel think tank in the Financial Times.
He recognizes that the liberal Free Democrats are more Euroskeptic than Angela Merkel’s Christian Democrats and the Greens. They have opposed Greek debt relief, are wary of a common eurozone budget and argue for strict enforcement the bloc’s fiscal rules.
But that also applies to Wolfgang Schäuble, the outgoing finance minister. His likely Free Democratic successor could hardly be more hawkish.
A Jamaica coalition (named for the colors of the three parties, which match the Caribbean nation’s flag) would be open to some of the other EU reform proposals French president Emmanuel Macron made this week, from enhancing defense cooperation to creating a single European asylum policy. Read more
Trump Would Let Democratic Voters Pay for His Tax Cuts
The headline-grapping news from Germany this weekend was the return of the far right, which won back seats in the national parliament for the first time since 1961.
But the bigger — and more reassuring — story of the election was the fragmentation of the German political landscape.
The Christian Democrats and Social Democrats, once faraway the two largest parties, won only 56 percent of the seats combined. A record seven parties (counting the Bavarian Christian Social Union separately) crossed the 5-percent election threshold. Four parties will probably be needed to form a coalition government — another first in postwar German history.
This might look like instability at first, but it actually underscores the resilience of multiparty democracy. Read more
Rebutting Trump’s Arguments for Canceling the Iran Nuclear Deal
French president Emmanuel Macron made various proposals for European Union reform in a speech at the Sorbonne university in Paris today. They can be divided into three categories: difficult, doable and low-hanging fruit. Read more
Emmanuel Macron Suffered Two Setbacks This Weekend
French president Emmanuel Macron suffered two setbacks this weekend:
His centrist party, La République En Marche!, won only 29 seats in the Senate. 170 out of 348 seats were contested. The center-right Republicans remain the largest party in the upper chamber, followed by the mainstream Socialists.
The outcome of the German election means the liberal Free Democrats are almost certain to be part of Angela Merkel’s next coalition government and they are skeptical of Macron’s proposals for deeper EU integration. Read more