macroblog

Macroblog reports that Angela Merkel is the new conservative chancellor of Germany. The problem is that the Social Democrates retained 8 of 14 seats in the cabinet.

A Maggie Thatcher or a Ronald Reagan is what Germany needs; stay tuned. The fact that the country needs to reform or get left behind is clear to all sides. The socialist will move in the right direction even though they will kick and scream the whole way.

With something like 10 new countries added to the EU, the European community can possibly rival the economic power of the US. Several of the new entrants are experiencing fast growth. One of the reasons for the growth has been the passage of lower tax rates. Businesses are moving to these areas because labor costs and taxes are low. Go Angela Go; bring Germany out of the doldrums of socialism and into the world of capitalism!