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Yes, the German election has created a problem for euro area reform.

Zettelmeyer, Jeromin, (2017), «Yes, the German election has created a problem for euro area reform.», Peterson Institute for International Economics, 27 Σεπτεμβρίου

Αngela Merkel will carry on as German chancellor, but has emerged weakened from the September 24 German parliamentary election. Has this outcome undermined the prospect for deepening Europe’s economic and monetary union (EMU)? Compromises on euro area reform have clearly become more difficult, and the political opportunity created by the election of Emmanuel Macron to the French presidency may have been squandered. But there is a possible solution.

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