Angela Merkel has confirmed her candidacy to become federal chancellor for the fourth time. The decision suggests there will be no change of course. The German public feels it is in good hands with the longest-serving government head in the Western world.
This feel-good factor is worth a lot in times where populists are gaining ground. But is it really enough for a country like Germany?
Helmut Kohl’s fourth term as chancellor amounted to four wasted years. The country was blighted, and at the end of it, people went for a genuine fresh start in the form of Social Democrat Gerhard Schröder.
Today, the chancellor’s economy is doing nicely on the back of zero interest rates, demographic factors pushing down unemployment on the labor market, and the low price of oil. But there will be no modernization agenda or digital economic miracle with Ms. Merkel at the helm.