Germany’s parliamentary election in the fall of 2013 will be one of the most significant events of the year in Europe. The nation has an integral role in eurozone restructuring and in managing the European debt crisis.
Chancellor Angela Merkel is likely to remain in power, according to the polls. Confidence in her leadership has been boosted by Germany’s strong economic performance and low unemployment rates amid a raging crisis on the continent.
Economic growth predictions for the nation are shrinking, however, and a possible recession in 2013 could hurt Merkel’s reputation.
The labor-friendly Social Democratic Party (SPD), the main opposition party, chose former Finance Minister Peer Steinbrück to challenge Merkel. Observers doubt Steinbrück can build on his economic expertise to gain enough votes for the victory.
Merkel’s conservative Christian Democratic Union (CDU) may remain in power, but a shift could take place in the Bundestag (German parliament). SPD’s coalition partner, the Green Party, has significant support, while CDU’s coalition partner, the Free Democratic Party, has drastically declined in popularity. New coalitions may form.
The chancellor’s challenge will be keeping the euro alive, and explaining to German voters why it is important to dedicate national resources to eurozone stabilization.
The Epoch Times publishes in 35 countries and in 20 languages. Subscribe to our e-newsletter.