Thursday, May 11, 2017

Schulz Backs Macron

A division has opened in Berlin between Martin Schulz and Angela Merkel. Schulz has sided with Macron on the need for eurozone reform, while Merkel insists that France get its own house in ordnung before she'll budge (but she may be bluffing in advance of this fall's German elections).

With most German voters fearful of putting taxpayers’ money at risk outside their borders, the SPD leader is taking a political gamble ahead of elections on Sunday in North Rhine-Westphalia, Germany’s most populous region. But with SPD support weakening in recent weeks, Mr Schulz has taken a chance on clearly differentiating himself from Ms Merkel over eurozone policy ahead of Sunday’s poll and national elections in September.
It's good to see a Social Democrat in Germany taking an electoral risk. Perhaps Macron's successful high-stakes gamble in winning the French presidency has put risk-taking back in vogue. It's about time. Europe has suffered from an excess of caution in recent years, with all the audacity coming from the extremes.