Merkel’s Heavy Legacy – Morning Briefing

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Good morning dear readers,

of Kurt Tucholsky comes the wise realization: “The people misunderstand most things, but they feel most things right.” opinion polls are a reliable tool for exploring the emotional world of citizens. A representative survey of the Research institute Forsa on the future of the CDU on behalf of the Handelsblatt has revealed interesting results. A majority of German citizens expect the CDU’s policy to become worse without Chancellor Angela Merkel. The consequences could be serious: 23 percent of CDU supporters no longer want to vote for the party after the end of the Merkel era – real Merkel fans. A heavy mortgage for every Merkel successor.

When asked how CDU With AFD and left party to deal with, the people tick differently than the party officials. Cooperation with the AfD rejects a clear majority (77 percent). In contrast, around two thirds (66 percent) of Germans think the CDU should selective cooperation with the Left Party – especially in the new federal states. Only a minority of 28 percent refuses to cooperate with the left. Have become quite recognizable Citizens and CDU leadership alienated on key issues.

Chancellor Angela Merkel leaves a difficult legacy.

(Photo: Mona Eins & Michael Meissner)

With the state of People’s Party CDU also deals with the Friday title “Merkel’s difficult legacy”. After the announced resignation of the CDU boss Annegret Kramp-Karrenbauer the party doesn’t just need a new chairman. Rather, it has to answer the question of what content it wants to use to return to its old strength. If the CDU were a company, one would be critical: The party of Konrad Adenauer and Helmut Kohl no longer has a working business model.

The former EU commissioner is calling for the power struggle for the CDU leadership Günther Oettinger his party to more unity on. “I strongly advocate not to identify the party chairmanship and thus the candidate for chancellor again in such an open competition,” said Oettinger in an interview with the Handelsblatt. Friedrich Merz and Armin Laschet he believes that the AfD’s share of the vote will be halved. However, the reality test is still pending.

Federal Finance Minister Olaf Scholz (SPD) is planning a small firework display investments, In the next four years, capital expenditures are said to be additional 12.3 billion euros to grow. So it is in an internal paper from the Ministry of Finance on the preparation of the 2021 budget and the financial plan until 2024, which my colleagues Jan Hildebrand and Martin Greive is present. There will be no resistance to the increase in public investment. But against the side effects: For those of the CDU required tax cuts no money remains. It would be naive to believe in coincidence.

At Daimler things are not going so smoothly.

Billion dollar profit loss, slimmed down dividend, sniffed investors – and now another recall, at Daimler it’s not going well. According to the Federal Motor Transport Authority, diesel models of the E-Class and CLS have to be increased fire hazard in the workshop. Almost 300,000 vehicles are affected. The accumulation of bad news is reminiscent of football wisdom from Jürgen Wegmann: “At first we were not lucky and then there was also bad luck.”

Meanwhile, it is going up German bank, At least with the share price. It is in double digits for the first time in one and a half years. The price increase has been included since the beginning of the year more than 40 percent, the Dax has not even improved by four percent during this period. For bank boss Christian Sewing the price increase is twice as good: First, investor confidence in Deutsche Bank is evidently returning. Second, it wasn’t a very bad decision, 15 percent of his monthly net salary to invest in bank shares. Sometimes courage pays off.

DGB chief Reiner Hoffmann is not an enemy of the market economy. But one who keeps pointing out the failures of the globalized economy. Hoffmann explains the volunteers in the guest post for this newspaper commitments the economy for compliance with the human rights than failed. His suggestion: “Germany could make an important contribution: with a clever combination of binding rules and voluntary industry initiatives to enforce human rights – especially for employees along global value chains. ”Predicate worth reading.

And then there is Nicola Leibinger-Kammüller, She speaks in the Handelsblatt Trump boss for the first time about her passion for art and the importance of art for companies and employees. Handelsblatt art expert Susanne Schreiber she said: “I enjoy daring and beautiful. Art has to do with our present, so it can be dark, overpainted or cut up. We also live in a time that is anything but picturesque is. “How correct.

I wish you a relaxing and inspiring weekend.
Kind regards, you

Sven Afhüppe
editor in chief

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