What German Vote Means For Europe’s Economy

merkel campaign trail

That perception was borne out by panelists and attendees at last weeks Structure:Europe event and other reports that show cloud adoption growing despite PRISM-generated concerns over data privacy, which have yet to be sorted out. Last week, Viviane Reding, VP of the European Commission and the EUs Commissioner for Justice, called for a single data privacy law to cover the entire European Union. Currently, some European countries Germany and Switzerland, for example have more iron-clad data sovereignty rules than others. According to a statement outlining the proposal , the proposed regulation is: [T]he Unions response to fear of surveillance. By adopting the Data Protection Regulation, the Union will equip it itself with a set of rules fit for the 21st century. Rules that will empower the very people whose data fuels the digital economy. Rules that will ensure the digital economys growth can be sustained. The value of E.U. citizens data in aggregate was 315 billion ($426 billion) in 2011 and could hit the I 1 trillion ($1.35 billion) annually in 2020, provided that trust issues that have arisen can be addressed, according to the European Union. A whopping 92 percent of Europeans worry about mobile apps collecting their data without their consent and 89 percent say they want to know when the data on their smartphone is being shared with third parties. If you think cloud tech sales are healthy now, just wait The market for foundational cloud technologies from basic virtualization to top-of-the-stack security will be booming over the next few years, according to new research from the 451 groups Market Monitor service (password required) but Louis Columbus has a good summary here on Forbes.com. The total market for cloud enabling technologies or CETwill grow at a brisk 21 percent compound annual growth rate of 21 percent to 22.6 billion in 2016 from $10.6B in 2012. All of our Structure:Europe cloud coverage is here and check out last weeks Structure Show featuring New Relic founder Lew Sweet Lew Cirnes tips for startups. More cloud news from the interwebs:

Chancellor Angela Merkel and her center-right Christian Democrats are seeking a third term after governing for four years in a coalition with the liberal Free Democratic Party (FDP), and from 2005-2009 in a grand coalition with the center-left Social Democrats. Here are 5 things you need to know about the election: Why does it matter? Germany is Europe’s biggest economy, a manufacturing and export powerhouse. Its 2.7 trillion euro GDP accounts for nearly 30% of euro zone output. And the country has gained influence because of its role as the biggest financial contributor to Europe’s bailouts. Merkel may be a hated figure to some Europeans for her insistence on austerity in return for aid, but most Germans approve of her handling of the crisis. Who is likely to win? Until recently, Merkel and her coalition allies had a clear lead in opinion polls, but support for her party and the FDP has fallen. If the FDP drops below the 5% threshold needed to win seats in parliament, Merkel will lose her preferred coalition partner. Analysts say a repeat of the 2005-2009 coalition with the Social Democrats is now the most likely outcome of Sunday’s vote, particularly if the new anti-euro party AfD makes a breakthrough. Related: Could euroskeptics spoil Angela Merkel’s election party What’s at stake in Europe? With the recession over and markets calmer, the pace of EU policy making has eased. But big challenges remain for a region still facing slow growth, record unemployment , an aging population and rising debt .