Investors Approve of Cameron and Merkel Cutting Strategies
They might not be popular with voters but investors give them the thumbs up…
Slashing government spending and bearing down on debt – all good in the eyes of investors. Bloomberg’s latest survey concluded:
Bloomberg: Merkel, 56, is viewed favorably by 68 percent of respondents in the latest Bloomberg Global Poll, top among a dozen world political and economic leaders cited in the survey. Cameron, 44, is second with a 65 percent worldwide favorability rating in the quarterly poll of 1,030 investors and analysts…
So for a moment, never mind the voters (who seem to be deserting the coalition government in droves). This is a tiny short term ray of sunshine for the leaders. And it may even eventually be followed by a summer. As one poll respondent Christian Muschick, an analyst at Silvia Quandt & Cie in Frankfurt noted, Cameron “seems to be willing to streamline the U.K. public sector and is not afraid of imposing strong cuts. Clearly this is extremely painful for society, but in the end I would expect the U.K. to emerge stronger than ever.”
Let’s hope so.
