WHY SCHROEDER LOST, and what it means for America: Kevin Hassett writes:
The Germans now face what is to them an unthinkable possibility. Their eastern neighbors are dramatically more successful than they are and may soon enough be richer. The costs of their lazy socialism are apparent even to their children, and the country is in a panic. “We all recognize,” one participant told me, “that Germany needs its own Reagan.”
That’s true of several countries in Europe.