In this podcast [23 min], Insightview has interviewed Steen Jakobsen from Saxo Bank. We discuss the rise of the Green Party and the implications for the German and the European economy and the financial market. Steen, who is Chief Investment Officer, believes that if the Green Party were to gain victory in September will have larger implications than the fall of the Berlin Wall.
Many in Western Europe and the US want economic and political change, according to the Pew Research Center, a nonpartisan American think tank. In this context, the editor asks Steen what has made German voters opt for the Green Party. Also, we discuss the economic and financial implications of the Green Party's spending plans. Insightview asks Steen whether this could reinforce the ongoing increase in global bond yields?
Steen believes that the Green Party is an unavoidable outcome because Merkel's leadership has been an era of status quo rather than economic development. [Read also the Welt article, „Erhebliche Zweifel, dass sie Kanzlerin kann“ – Merz greift Baerbock scharf an.]
Steen Jakobsen joined Saxo Bank in 2000. As CIO he focuses on delivering asset allocation strategies and analysis of the overall macroeconomic and political landscape. With more than 30 years of experience, Jakobsen regularly appears as a guest host on CNBC and Bloomberg News.
Music: Melodyloops, 'Technology Park' - MediaM
