German Election: Could A Banking Crisis Take Merkel Down?
August 05, 2017
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Almost 50 days until Germany's general elections, Germany's Chancellor Angela Merkel still looks invincible with the double digit lead in polls over her Social Democratic rival, Martin Schulz. If Islamist terror attacks or the migrant crime wave, both resulting from her open borders policy, have failed to affect her electoral prospects, the economy could sink her political ambitions.
A looming banking crisis could "down Merkel", believes the British newspaper Daily Express. Record losses made by Commerzbank, the country's second largest bank, may "spell disaster for" Merkel's re-election bid.