Merkel victory good for EU economy, say business leaders

Angela Merkel has the support of business leaders around the world ahead of Germany's elections in September – with most believing another term in office for the chancellor would be good news for the European economy as a whole, according to a survey.

The quarterly FT/Economist Global Business Barometer revealed that 60 per cent of 1,500 top business people polled believe the re-election of the centre-right leader would improve their confidence in Europe's economic prospects. Just 16 per cent would be less confident in the region's financial future following a Merkel victory.