neurope.eu – All experts, observers, and other fortune-tellers have already been convinced for months that from these elections there will result a grand coalition of Merkel‘s Christian Democrats (CDU/CSU) with the Social Democrats (SPD). And also since her party will come out some 10 to 15 points ahead of the SPD , she will be the new chancellor.
Why is everyone still bothered with it? Why do not just German papers, but the media Europe-wide see this is very important election the outcome of which may well decide the future of Europe? I have long been bothered by this question, but I think I know the answer now. Over the past three months decision-making on the Eurozone crisis has come to a grinding halt, because “we first have to wait the outcome of the German elections”, all experts said, suggesting that the outcome might indicate a chance in German politics.
We now know this is not so. more> http://tinyurl.com/kszmpat
Posted in Business, Economy, History, Leadership
Tagged Angela Merkel, Business, Elections in Germany, European sovereign debt crisis, Germany, Government, Leadership, Organization, Super regions
By Konstantin von Hammerstein and René Pfister – For three years now, the euro crisis has been smoldering. It has brought down governments in Ireland and Spain, in Italy and Slovenia, and has led to countless summit meetings in Brussels, at which first a temporary and then a permanent bailout fund was established.
European leaders will meet in the Belgian capital once again this Thursday and Friday, at what is expected to be the year’s most important summit. The agenda consists of nothing less than the political realignment of the euro zone and the question of whether members can agree to a European banking union to save the Continent’s ailing banks.
In the midst of it all, as always, is German Chancellor Angela Merkel. more> http://tinyurl.com/avjufos
Posted in Banking, Business, Economy, Leadership
Tagged Angela Merkel, Capital, Chancellor of Germany, European sovereign debt crisis, European Union, Financial crisis, Government, Leadership, Super regions
AFP/Google – “We have to hold our breath for five years or more,” Merkel told the regional party congress of her Christian Democratic Union (CDU) at Sternberg in east Germany, the DPA news agency reported.
“A lot of investors do not believe that we can keep our promises in Europe,” she said, adding: “We must demonstrate rigour in order to convince the world that it is profitable to invest in Europe.” more> http://tinyurl.com/d457kws
By John McManus – SO NEAR, yet so far. Just when a transformational deal on Ireland’s historic bank debts was within our grasp, the German chancellor seems to have dashed our hopes.
Or has she?
Finding a Germany-friendly way to deal with the other €30 billion odd of bank-related debt is a little trickier. This is pure Irish sovereign debt, even though the money was ploughed into AIB, Bank of Ireland and Irish Permanent as equity to shore up their capital.
The plan here seems to be for the new rescue fund to take equity stakes in the so-called pillar banks. The Government would then use the cash to repay sovereign debt. more> http://tinyurl.com/9vckvkq
Posted in Banking, Economy, Leadership
Tagged Angela Merkel, Capital, Chancellor of Germany, Financial crisis, Germany, Government, Industrial economy, Ireland, Monetary policy, Super regions
By Angelika Stricker and Luke Baker – German Chancellor Angela Merkel raised new hurdles on Friday (Oct 19) to using the euro zone‘s rescue fund to inject capital directly into ailing banks from next year, dashing Spain’s hopes of soon removing the cost from its strained national debt. more> http://tinyurl.com/8phpx73