German Chancellor Angela Merkel yesterday was left scrambling to drag the nation out of crisis after high-stakes talks to form a new government collapsed, potentially forcing Europe’s top economy into snap elections.
Germany now faces weeks, if not months of paralysis with a lame-duck government that is unlikely to take bold policy action at home or on the European stage.
However, German President Frank-Walter Steinmeier yesterday urged the various parties to reconsider their positions and make it possible to form a new government, adding that he would meet with them this week and urged them to rethink.
Photo: AFP
Merkel had been forced to seek an alliance with an unlikely group of parties after the ballot left her without a majority, but following more than a month of grueling negotiations, the leader of the pro-business Free Democratic Party (FDP), Christian Lindner, walked out of talks overnight, saying there was no “basis of trust” to forge a government with Merkel’s conservative Christian Democratic Union of Germany and Christian Social Union in Bavaria (CDU-CSU) alliance and the Greens.
“It is better not to govern than to govern badly,” Lindner said, adding that the parties did not share “a common vision on modernizing” Germany.
Voicing regret for the FDP’s decision, Merkel vowed to steer Germany through the crisis.
“As chancellor... I will do everything to ensure that this country comes out well through this difficult time,” she said.
News magazine Der Spiegel called the breakdown in negotiations a “catastrophe” for Merkel and said Germany, long seen as an island of stability, was having its “Brexit moment, its [US President Donald] Trump moment.”
The Greens angrily deplored the collapse of the talks, saying they had believed a deal could be done despite the differences and accusing the FDP of negotiating in bad faith.
French President Emmanuel Macron expressed concern about Germany’s political deadlock, saying: “It is not in our interest that the situation becomes tense.”
The Ministry of Transportation and Communications yesterday inaugurated the Danjiang Bridge across the Tamsui River in New Taipei City, saying that the structure would be an architectural icon and traffic artery for Taiwan. Feted as a major engineering achievement, the Danjiang Bridge is 920m long, 211m tall at the top of its pylon, and is the longest single-pylon asymmetric cable-stayed bridge in the world, the government’s Web site for the structure said. It was designed by late Iraqi-British architect Zaha Hadid. The structure, with a maximum deck of 70m, accommodates road and light rail traffic, and affords a 200m navigation channel for boats,
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest foundry service provider, yesterday said that global semiconductor revenue is projected to hit US$1.5 trillion in 2030, after the figure exceeds US$1 trillion this year, as artificial intelligence (AI) demand boosts consumption of token and compute power. “We are still at the beginning of the AI revolution, but we already see a significant impact across the whole semiconductor ecosystem,” TSMC deputy cochief operating officer Kevin Zhang (張曉強) said at the company’s annual technology symposium in Hsinchu City. “It is fair to say that in the past decade, smartphones and other mobile devices were
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