Saturday, September 24, 2005

Many Germans say "Nein" to reform

I meant to post about this when it happened. But the left did surprisingly well in the German elections. This shows that, in stark contrast with the Japanese electorate which recently showed strong support for Prime Minister Koizumi's efforts to privatize the Japanese Post, the Germans seem very skeptical about market reforms. It will be an interesting experiment to see, after these landmark elections, where the paths chosen will lead these two giant economies.


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