Good morning from #Germany which is in a Merkel crisis. Govt could collapse earlier than in #Italy or #Spain. Merkel’s fragile coalition on the brink over her liberal migration policy. How conflict is resolved will determine chancellor’s fate. Merkel’s authority looks compromised pic.twitter.com/3nzL6X0wZc
— Holger Zschaepitz (@Schuldensuehner) June 16, 2018
The Express reports ‘We might have a new situation’ German MP predicts Merkel could be OUSTED end of NEXT WEEK.
The Express is a sensationalist tabloid but the article has an interesting video.
As I forewarned days ago. Merkle has now called for Schäuble, her political backstop throughout her Chancellorship, to intermediate. Her coalition may survive, maybe not. Lesson for mkts: If new Euro crisis(e.g.Italy) Germany will be divided, unable to lead Eurozone fix https://t.co/Zktk34i4BW
— Harald Malmgren (@Halsrethink) June 16, 2018
I discussed this setup Friday morning in Merkel Coalition About to Collapse Over Immigration: Peak Merkel Revisited.
Mike “Mish” Shedlock
