“€˜Austerity belt”€™ proves fashionable in Germany, Merkel wins elections

“€˜Austerity belt”€™ proves fashionable in Germany, Merkel wins elections

Angela Merkel may be resented by the rest of Europe, but Sunday’€™s election result is validation by Germans of the Chancellor’€™s handling of the euro crisis, as they signed-up for four more years of tough austerity. Merkel’s cautious handling of the euro crisis secured her a third term as Chancellor, but she may struggle to form a strong coalition to continue her pro-Europe agenda in continuing outreach to the more peripheral ‘south’.

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