Alternative für Angela
Report Date: 25th September, 2017 The CDU’s share of the vote may have shrunk but it remains the dominant party in Germany. This leaves Merkel as Chancellor, albeit as head of a new coalition. Despite the FDP being less Europhile than Merkel, this doesn’t derail prospects for a new reform driven Franco/German integrationist wave. We remain long euro versus the US dollar and long Eurozone equities.
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