Euro falls because of Merkel

29 October 2018, 16:55 | Policy
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After Angela Merkel announced that she was ready to leave the post of chairman of the Christian Democratic Union party, the US currency rose against the European. According to the data of the Frankfurt Stock Exchange, on October 29, the euro fell to $ 1.1366 from $ 1.1410, however, later the European currency won back to $ 1.1389. Internal party elections in the CDU should be held in December of this year, and on Monday, October 29, Merkel announced that he would resign from the post of head of the ruling party. She stressed that she would not stand for the post of chancellor in 2021..

and is not going to hold any posts either in Germany or in the EU. Unsuccessful elections in the federal state of Hessen could affect the Frau Chancellor’s decision: the CDU, although it won first place, won 11% fewer votes than five years earlier.. Experts believe that the departure of Merkel threatens to trouble the entire European Union, because it was the German Chancellor who became a kind of symbol of United Europe.. Frau Angela has led Germany since 2005.. she is the first.




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