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Viewsroom

Viewsroom: Europe faces life after Angela Merkel

Viewsroom

Reuters

News

4.4 • 58 Ratings

🗓️ 1 November 2018

⏱️ 25 minutes

🧾️ Download transcript

Summary

Germany’s chancellor won’t seek re-election in 2021 and is stepping down as party chair next month after electoral setbacks. It may herald a rightward swing at home and less EU unity. Plus: investors’ embrace of Brazil’s far-right President-elect Jair Bolsonaro may prove risky. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

The views expressed on this podcast are those of the participants, not of Roiders' news.

0:09.6

What does Angela Merkel saying nine to another term as Germany's Chancellor mean for the country and the European Union?

0:16.4

And is Brazil's new far-right populist president as good for markets as investors reckon?

0:21.8

These are the questions we'll be tackling on this week's views room,

0:25.1

a weekly conversation among Breaking View's colonists about the ups and downs of the world of finance.

0:30.3

I'm Anthony Curry, and with me here is my co-host, Jennifer Saber.

0:33.6

Hi, Jen.

0:34.5

Hello.

0:35.4

Germany's Chancellor Angela Merkel is calling it quits.

0:38.4

During her 13 years running the world's fourth largest economy,

0:41.4

she has become the de facto leader of the European Union and of late the free world,

0:45.9

as well as a ballwork against populism.

0:48.7

Joining us from London is Global Breaking Views, economics editor Swaha Patnike,

0:52.9

to discuss this pivotal announcement.

0:55.0

Welcome, Swaha.

0:56.1

Hi, Jen. Hello.

0:58.2

So, Swaha, as an American, I need you to kind of set this up for me because I'm not quite

1:04.5

clear on exactly what's happening here. So she's not going to run as chancellor, but she's also

1:09.0

stepping down from her party's leadership. Can you just

1:12.3

kind of explain quickly how this works in Germany? Of course. So Merkel has up till now been very

1:19.0

trenchant on the fact that whoever runs the party is the chancellor. What she's doing is she's stepping

1:25.3

down as chairwoman of her party.

...

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