Business Spectator

The myth of mighty Merkel

Whatever possessed Forbes Magazine to put Merkel on the No.1 spot of the most powerful women in the world remains a mystery. A place somewhere between Shakira (#40) and Angelina Jolie (#66) would have been more appropriate. One has to fear that Forbes’ female ranking is really only determined by appearance.

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Business Spectator

Payday looms for Germany – and Merkel

Europe’s politicians are quick learners. It has only taken them about 2½ years to realise that Greece cannot be saved within the eurozone. But this timely realisation comes with an enormous bill attached: Greece’s bankruptcy and euro exit will cost central European taxpayers dearly.

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Business Spectator

Striking a French euro tinderbox

Either Sarkozy or Hollande will win France’s presidential elections, but the project of European cooperation and integration will surely lose. And the political uncertainty dominating the coming months will exacerbate the euro crisis.

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Business Spectator

Why Merkozy is destined to fail

Whoever believed that the never-ending eurozone crisis had been solved during the holiday break would have been surprised by the difficult French bond auction last week, Italian yields once again shooting above the crucial 7 per cent mark, and renewed speculation about a Greek default.

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Business Spectator

Merkozy’s palliative care pact

If newspaper reports over the weekend are to be believed, German chancellor Angela Merkel and French president Nicolas Sarkozy are preparing a new eurozone stability treaty. Such news would almost be funny were it not for the seriousness of the euro crisis.

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Business Spectator

Stepping stones to an EU inferno

Merkel won last week’s debate by making a mockery out of democracy, but she lost leeway for any further bailout packages. Meanwhile, the German public has reached the end of its tether with politicians, Greece and the euro.

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Business Spectator

The hysterical republic

The narcissist Germans increasingly behave like ill-mannered children on the international stage. Perhaps it would be wise to treat them like that. And ignore them.

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Business Spectator

The EU’s win-win losers

The next acute crisis of a Eurozone country may happen sooner than EU leaders think. It is only then when we will see what their new celebrated compromise is worth in practice.

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