Germany's Success Could Wreck Martin Schulz's Bid for Power
- SPD chancellor candidate’s election focus proving a tough sell
- Satisfaction with personal finances at two-decade high
Martin Schulz's biggest obstacle to returning Germany's Social Democrats to power may not be Angela Merkel, but a feel-good economy in Germany, one that is proving to be more egalitarian than the economies of its European peers. Bloomberg's Alan Crawford reports on 'Bloomberg Markets: European Open.' (Source: Bloomberg)
Martin Schulz’s biggest obstacle to returning Germany’s Social Democrats to power may not be Angela Merkel but a feel-good economy that’s proved more egalitarian than its European peers.
The chancellor’s main opponent in the Sept. 24 election is struggling to ignite his candidacy with a platform of social justice amid a stretch of 12 quarters of unbroken growth. “Just because Germany is doing well doesn’t mean everyone in Germany is doing well,” Schulz told Der Spiegel magazine in comments published Aug. 3. “Many Germans aren’t doing well at all.”