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Merkel Boosted Again By State Election Victory

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Chancellor Angela Merkel is picking up a tailwind for Germany’s election in September, strengthening her position at home and on the global stage ahead of a series of summits with fellow leaders including President Donald Trump.

Written off last year for her open-border stance on refugees, Merkel is clawing back when it counts. Her party’s election victory in Germany’s most populous state on Sunday highlights her pull among voters as Merkel stands up for free trade, vows to hold the European Union together and fends off Trump’s attacks in a conflict over defense spending. Merkel plans to hold a news conference Monday at about 1 p.m. in Berlin, before hosting French President Emmanuel Macron for their first meeting after his inauguration.

“Almost everybody in Europe expects that Merkel will stay in power” now, Famke Krumbmueller, a partner at political-risk consultancy OpenCitiz, said by phone. For European peers such as Macron, that means “he can be pretty sure now that he will have to deal with Angela Merkel in the next four years.”

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Former Craig

Former Craig

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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