The midterm elections resulted in a no-confidence vote for President Obama and the Democrats, but they were not a confidence vote for the Republicans, either. The big loser seemed to have been Washington. Will the US recover from its decline, or is the American Dream over? At the same time, Germany is emerging as Europe’s leader, and the EU needs, but fears, German pre-eminence. Still, the Economist feels that Germany will “shape Europe, and therefore the world.”
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