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Eurozone in trouble until September 2013

January 8, 2011

Currently, we have a bad-tempered debate on the pros and cons of Eurobonds (Eurobonds = bonds which are sold by the EU as a whole; this term differs a bit from its usual meaning in the context of financial theory).

From the perspective of those who fear nothing more than a split up of the Euro-Zone, Germany is a big problematic factor.

Thus, I have positive news for them.

According to the Politbarometer which measures the political sentiment of German voters, the Kanzlerin is not much likely to be reelected in 2013.

Of course, there are two more years left, but this trend seems to stem rather from a deep-rooted rejection of the politics of the Free Democratic Party than from a transient state of mind.

So, if a assume that this trend will persist, there will probably be a new government in 2013 lead by the Social Democratic Party and Alliance ’90/The Greens. Both parties sympathize with the idea of Eurobonds (here and here – sorry! both in German).

Therefore, if the Eurozone survives until that date, the unfortunate economic situation of the EU might get some support from the political sphere.

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