The reports out of Germany point to Chancellor Angela Merkel fighting an internal revolt within her own party from CSU Leader Horst Seehofer.
This challenge could topple Merkel’s fragile coalition which will, in turn, have serious knock-on effects around the European Union. Trump’s pressure campaign along with the shifting tide against Merkel doing Soros’s bidding to flood Europe with low-skill refugees has put her in this position.
And Seehofer sees 1) his CSU’s power base in Bavaria slipping and 2) his opportunity to take out Merkel and save his political future.
All of this is having effects on the markets. Stay tuned to the end for the punch line on how this affects the U.S. bond markets.
from Last November I wrote about Seehofer being the pivotal figure
No Italeave… Yet
Draghi Trapped, Euro Slapped, Gold and Silver Uncappedhttps://tomluongo.me/2018/06/14/draghi-trapped-euro-slapped-gold-silver
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