Political change is coming to the EU’s big three economies. Here’s why it matters

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EUROPE NEWS

Political change is coming to the EU’s big three economies. Here’s why it matters

PUBLISHED MON, JAN 3 2022 Silvia Amaro, CNBC

KEY POINTS

• Germany has just turned the page on Angela Merkel’s 16 years of leadership.
• France is bracing itself for an uncertain presidential election in the spring.
• And Italy is anxiously waiting to find out whether Mario Draghi will leave the prime ministerial post.

 

French President Emmanuel Macron and Italy’s Prime Minister Mario Draghi.

Alessandra Benedetti - Corbis | Corbis News | Getty Images

The balance of power is changing in the European Union’s three largest economies which could have significant implications for financial markets.

Germany has just turned the page on Angela Merkel’s 16 years of leadership, France is bracing itself for an uncertain presidential election in the spring, and Italy is anxiously waiting to find out whether Mario Draghi will leave his prime ministerial post.

 

“We may well be in for a rather profound ‘watershed moment,’ with significant positive implications for policies,” Erik Nielsen, group chief economist at UniCredit, said in a note to clients in December. For more on this article CNBC