September 25, 2005

Germany's world turns upside down

CHAOS, gridlock, lunacy – those were just some of the more printable nouns used by a shell-shocked German business community last week to describe the farcical outcome of their country’s general election. Left-wing parties grabbed the majority of the vote last Sunday and conservative challenger Angela Merkel was robbed of an outright victory, triggering a hung parliament, a full-blown political crisis and prompting internaAtional financial institutions to wonder whether Germany will ever be capable of pulling itself out of its slow decline.

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