As America is becoming more European, Germany is becoming more American...
The election results in Germany are the latest example of the decline of Europe’s traditional parties and the crisis of the social democratic ideology. Chancellor Angela Merkel's Christian Democrats (CDU) remain the largest party in the German parliament despite losses in Sunday's elections, winning 33.8 percent of the vote. She secured a mandate to form a new coalition with the pro-business Liberal Democrats (FDP, 14.6 percent), which will succeed a "grand coalition" with the Social Democrats (SPD). Focusing on economic reform, tax cuts and a return to nuclear power, the new government will mean a shift to the right in German politics...What is going in Germany? Tax cuts and deregulation? How is this possible? All of this spells disaster for Central Europe.
...The result is especially surprising against the backdrop of a financial crisis that has been ascribed to the neoliberal ideology by many. However, the FDP won the elections with a program based on neoliberal ideas of deregulation and tax cuts and returns to power 11 years after the end of the last conservative-liberal alliance under former chancellor Helmut Kohl.
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