Friday, November 11, 2005

German Chancellorship resolved

While Americans have been focusing on Katrina, gas prices and off year elections in the US, Germany has gone about figuring out whether or not Schroeder would step down after losing the election. At this point Merkel will become Germany's first Chancellor.

A deal was reached in a grand party coalition that will raise the VAT from 16% to 19% and with the Social Democrats recieving assurance that Germany's nuclear reactors will still shutdown by 2021.

Hopefully, Merkel will be able to revive the German economy as well as strengthen ties with Washington.

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