Tag Archives: Angela Merkel

Merkel’s Awful Election Blunder

By Paul Roderick Gregory – Merkel could have easily avoided this electoral disaster by giving her junior coalition partners, the Free Democrats, or Liberals as they are known, a minor boost. She could have campaigned with them jointly, which would have transferred some of her electoral clout to them. On election eve, she could have issued veiled appeals to her backers to cast their second ballots (German election laws give voters two ballots) for the Free Democrats.

But no. In the run-up to the election, she issued a clear call for her supporters to cast all their ballots for her party. Without breaking a sweat, Merkel could have brought her grateful Free Democrats across the five percent hurdle. more> http://tinyurl.com/kdoaofe


How democracy derails the EU…

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

The Missing Truth in the German Campaign

Bloomberg – Germany’s election campaign is in full swing now that Chancellor Angela Merkel is back from her hiking vacation in the Alps. She’s maybe the only one who dares ask voters, “Are you better off now than when I took office?”

Amazingly, given the state of the rest of the euro area, the answer is yes: Germans have more jobs than in 2005. The unemployment rate has roughly halved, to 5.4 percent; inflation is low; and the budget deficit is close to zero. The news that the German economy grew by 0.7 percent in the second quarter has probably sealed her victory on Sept. 22. Now, the issue is less whether she wins but how. And that’s a two-part question. more> http://tinyurl.com/movheq2


Merkel’s Dispassionate Approach to the Euro Crisis

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

Merkel says exit from euro crisis to take at least five years

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

Bank debt possibilities left open by Merkel’s ambiguity

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

Merkel raises new hurdles on EU bank union

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