German Chancellor Merkel is under attack from all sides. She lost here Economy minister over the weekend and now faces a revolt from the Greens who are threatening to block the stimulus package.
Germany goes to the polls in September so expect politics to begin playing a more primary role in efforts to revive the economy in the months ahead. FinMin Steinbrueck is a member of the SPD, the opposition in the upcoming election.
The German political situation bears watching as the global economy continues its slide. Opposition parties may be less willing to act until ahead of the election to secure political advantage. That could leave a cloud over the euro.
