Angela Merkel

Who speaks for the euro?

12 November 2011 17:04

That’s a more relevant question that you might think. Despite European leaders talking for ages about the nonsensical notion of the EU ‘speaking with one voice’ after the Lisbon Treaty,… Continue reading


Angela we have heard on high

9 November 2011 16:41

As Italy and Greece implode, and the pressure increases for Germany to do something, anything, Angela Merkel has made a call for ‘structural changes’ in the EU. In other words,… Continue reading


Cameron leaves Cannes with an IMF headache

4 November 2011 15:59

The Cannes summit leaves the world no further forward on its quest for some kind of solution to the Eurozone crisis. Strikingly, the Germans still won’t agree — despite huge… Continue reading


Reuters: Papandreou to resign on Friday

4 November 2011 0:14

Reuters is reporting tonight that the Greek Prime Minister has agreed to resign on Friday. The news agency says that at a meeting Cabinet colleagues told George Papandreou that he… Continue reading


Merkel and Sarkozy try to hold the euro together

2 November 2011 20:55

Right about now, Nicolas Sarkozy and Angela Merkel are having George Papandreou for dinner. There have been all sorts of rumours today about what Sarkozy and Merkel will demand from… Continue reading


Summit for nothing?

27 October 2011 9:08

The punchline to yesterday’s eurosummit comes in the very first paragraph of the official statement, released in the darkness of morning: "The euro continues to rest on solid fundamentals." Now… Continue reading


The Euro masquerade

26 October 2011 18:00

So much rot has been said about the Eurozone crisis that you do wonder whether Merkel, Sarkozy et al have come to believe their own spiel. This is an economic… Continue reading


Clegg: Let’s stick together

29 September 2011 10:54

All eyes are on Berlin, where Angela Merkel is trying to convince her supporters in the Bundestag to vote through the expansion of the EFSF. She is expected to succeed,… Continue reading


Italy in the firing line

20 September 2011 9:17

Markets sank into negative territory this morning, following Standand&Poor’s downgrade of Italy’s credit rating. (Although they have since recovered.) The agency cut Italy’s rating from A+/A-1+ to A/A-1; it also… Continue reading


The deep Euro-crisis threatens political stability

16 September 2011 14:18

It is hard to overstate how serious the crisis in the eurozone is or what it might do to the politics of Europe. The European project is putting in danger… Continue reading


Merkel & Sarkozy have only words

15 September 2011 9:07

It was something of a mystery. Emergency conference calls about the future of the Eurozone were being made yesterday, but there was no news of those discussions. As it turned… Continue reading


The Euro-crisis heats up

14 September 2011 9:05

Angela Merkel, Nicolas Sarkozy and George Papandreou are in crisis talks about Greek debt. There are rumours that they are preparing an "orderly default" for Greece. But, officially, Merkel is… Continue reading


Merkel’s hard game

29 August 2011 18:13

As James noted earlier, Angela Merkel’s response to the Eurozone crisis is hampered by the awkward arithmetic in the Bundestag. Merkel has been faced with these difficulties throughout the crisis.… Continue reading


Merkel’s domestic difficulties threaten the Eurozone

29 August 2011 14:09

As August draws to a close, Europe is bracing itself for a series of September sovereign debt crises. Events in Germany at the moment have the potential to make these… Continue reading


Further tension in the Eurozone

23 August 2011 11:00

The Eurozone’s political crisis is deepening. Further to the news that individual member states were seeking their own bilateral deals with Greece to insure their taxpayers’ money from default, the… Continue reading


Stumbling towards fiscal union

22 August 2011 14:12

Angela Merkel must tire of repeating herself. Eurobonds are “exactly the wrong answer” to the European debt crisis, she said yesterday for the umpteenth time. She added that they would… Continue reading


Tobin’s folly

18 August 2011 10:55

The Eurozone Tobin tax announced on Tuesday by Merkel and Sarkozy is intended to reduce market volatility. It could have the opposite effect, and, if introduced in Britain, could cripple… Continue reading


This isn’t just any solution; this is an M&S solution

17 August 2011 18:03

Banks and financial institutions endured a painful day’s trading, following Angela Merkel and Nicolas Sarkozy’s announcement yesterday that the Eurozone should adopt a ‘Tobin tax’, a charge on financial transactions.… Continue reading


Battle of the century

15 August 2011 17:58

The American historian Walter Russell-Mead has a cynical — but very possibly accurate — take on what the French are trying to persuade the Germans to accept with their plan… Continue reading


Back to the drawing board as Eurobonds look dead in the water

15 August 2011 13:22

Watch her lips: no Eurobonds. Angela Merkel’s Finance, Minister Wolfgang Schauble has told Der Spiegel: "I rule out Eurobonds for as long as member states conduct their own financial policies… Continue reading


Is Merkel getting her way?

21 July 2011 16:29

Below, courtesy of the Telegraph, is a leaked copy of the draft proposals on managing the Greek debt crisis.There are no measures to reduce Greece’s debts to sustainable levels; subsidy is the preferred… Continue reading


Common Franco-German position on Greek debt

21 July 2011 10:25

As I wrote earlier this morning, rumours of a ‘common Franco-German position’ on Greek debt were circulating in the early hours. Details are now emerging. Nicolas Sarkozy has dropped plans… Continue reading


Getting a grip of the crisis

21 July 2011 9:33

“I’m very worried, this building [the Treasury] is very worried and this government is very worried,” said George Osborne of the unfolding crisis in the Eurozone. In an interview with… Continue reading


Gearing up for another European drama

20 July 2011 10:51

Away from the amateur dramatics in parliament this afternoon, the government is fighting yet another battle with the European Commission over banking reform. European leaders will vote later today on proposals… Continue reading


Merkel is running out of patience with the eurozone

25 March 2011 10:54

Like an unseasonal Atlantic gale, the Portuguese sovereign debt crisis has blown in to ruin the latest EU summit. This meeting was intended to mark the beginning of the end… Continue reading