German CEOs Warn About Elections Causing Political Instability

German business leaders have warned that the country’s next government must maintain political stability and strive to remain competitive, as pressure mounts on Chancellor Angela Merkel ahead of elections on September 22.

The comments come as the controversial issue of Greece resurfaced with a vengeance this weekend, after Merkel insisted the country would not need a debt write down. The topic – which is hugely unpopular with German voters – could be having an impact on Merkel’s campaign for a third term in office after a poll released on Sunday showed that her center-right coalition had lost its slight lead over parties on the left.

The CEO of German semiconductor manufacturer Infineon, Reinhard Ploss, said political stability was crucial for the country, looking ahead.

“The politicians are very well aware of the role they have to play in making sure we have a certain stability overall and we have seen how much this value of stability is, and my expectation of any party coming in to [power] is that they consider this,” he told CNBC in Munich.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza