💨 Abstract

The article discusses the euro's decline from a brief rally, due to the focus shifting from the election victory of Germany's conservatives to the challenges of forming a coalition government. Friedrich Merz is expected to become the next German chancellor but coalition talks may be difficult due to the rise of far-right and far-left parties. Merz aims to loosen the debt brake rule in Germany, which could lead to increased European defense spending through a collective bond offering.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖