What German Vote Means For Europe’s Economy

merkel campaign trail

If the FDP drops below the 5% threshold needed to win seats in parliament, Merkel will lose her preferred coalition partner. Analysts say a repeat of the 2005-2009 coalition with the Social Democrats is now the most likely outcome of Sunday’s vote, particularly if the new anti-euro party AfD makes a breakthrough. Related: Could euroskeptics spoil Angela Merkel’s election party What’s at stake in Europe? With the recession over and markets calmer, the pace of EU policy making has eased. But big challenges remain for a region still facing slow growth, record unemployment , an aging population and rising debt . Greece needs more help and Portugal might need a second bailout. What’s more, progress on repairing the European banking system, which is critical to unfreezing credit markets and restoring long-term economic health, has slowed. Germany, of course, will remain the central player in deciding the future of Europe’s crisis response, including rescues and closer cooperation between euro zone states on issues like a banking union. But European policy is unlikely to change if Merkel continues to govern with the FDP. And even if she’s forced into a grand coalition, any shift is likely to be very subtle. Related: Greece joining euro was a mistake: Merkel While the Social Democrats have taken a softer tone on austerity , they have backed Merkel on all the big European decisions during the crisis.

Summit Europe, Singularity University’s First Public Event, Coming November 15-16 To Budapest

Securities and Exchange Commission (SEC) is investigating JP Morgans Hong Kong office for hiring the children of high-level Chinese officials. Observers say the hiring of these so-called princelings is to open business opportunities in mainland China. But could the practice, which dates back almost two decades, also be considered bribery? Yinan Wang and Yi Chen look at the practice in a report voiced by Colin Lovett. Video All-American Banjo Has African Roots From folk songs like Oh Susannah to its starring role in Bluegrass festivals, the banjo seems to be a quintessentially homegrown American instrument. However, as Colorado banjo virtuoso Jayme Stone has learned, this five-stringed wonder actually has roots half a world away – in Africa. VOAs Adam Phillips profiles Stone and his exploration of what some say is the worlds most cheerful instrument. Video Syria Moves Put ‘Red Lines’ in Question Much has been said and written about red lines, since Syria allegedly crossed one last month that U.S. President Barack Obama had emphasized a year earlier. Expected U.S. airstrikes did not follow, and now experts wonder whether other international red lines will be respected, notably the one on Iran and nuclear weapons. VOAs Al Pessin reports from London. Video Analysts: German Vote Will Not Affect Relations With US German voters will cast ballots on Sunday to select a new federal government. Chancellor Angela Merkels center-right Christian Democratic Union party is predicted to win the most votes, and she is likely to have a third consecutive term in office. Analysts say the outcome of the German elections will have little effect on the country’s alliance with the United States.

The program aims to stimulate an awareness and discussion among the public of the global impact that exponential technologies will have in shaping our future whether youre an executive, policy maker or entrepreneur. A preview of the event is highlighted in the following video: Over the course of the program, participants will gain a deeper understanding of the robotics revolution, the security challenges of an increasing digital world, the future of energy, innovations in biotech and medicine that are transforming the role of physicians, and the resulting impact on ethics, society, the economy, and the regulatory environment. Participants will understand what these changes mean for future business opportunities in Europe and beyond. Furthermore, a showcase of the breakthrough startups accelerated at Singularity University Labs will highlight the entrepreneurs and innovators working to improve the lives of billions around the world. In parallel, free design and technology workshops (open to the public) will also be held in downtown Budapest that will host hands-on workshops for kids including topics related to robotics, strawberry DNA and the tools of 3D printing. Even though the Summit isnt until November, the excitement surrounding the event is already building. Last Thursday in Budapest, Singularity University held a launch party for the Summit Europe hosted by the Commercial Section of the U.S. Embassy in Budapest. U.S. Commercial Counselor, Robert Peaslee, was in attendance with a host of regional organizations to celebrate Singularity Universitys 5th anniversary and the upcoming November event. This is an incredible opportunity to join innovators, executives, and policy makers to understand the opportunities presented by the defining technologies of our age.