Soon to be ex-President Barack Obama, who will doubtless earn big speaking fees from Goldman-Sachs and other huge Wall Street Investment Banks for his decision to put Wall Street Insiders into virtually all major Financial posts in his administration, and did virtually nothing to the big banks, speculators, and crooks who almost destroyed the world economy, and which he promised to punish and regulate....well Mr. Obama and the Globe and Mail might persist in calling Angela Merkel the last hope of western liberalism, but in terms of where her party the Christian Democrats sits on the political scale, he's more than a bit out. 

Christian Dems are not neo-liberals, are not Thatcherites, and aren't  the right wing deregulate crowd in America. Christian Dems  are a political movement that came out of the christian social tradition in European politics, a tradition which supports a mixed market economy,  centre left in economics. To wit:

https://en.wikipedia.org/wiki/Christian_democracy