VONOY - The Dawn Of A New Day In Germany
Germany has been front-page news around the world lately, as perhaps there is Schadenfreude in some quarters regarding what appears to be collapsing German political stability. In the key Southern Germany state of Bavaria, the elections last Sunday had the once-supreme Christian Social Union (CSU, the sister party of Angela Merkel's CDU, with the two parties forming what is known in Germany as the Union) losing its absolute majority. The CSU now must look for coalition partner among the other political parties to form the next Bavarian state government.
In the markets in general