Merkel and her government have struggled fiercely to create a fiscally united Europe of balanced budgets and "structural reforms"--a euphemism for lowering the cost of labor, including wages and benefits. It's her prescription for pulling the Eurozone out of the debt crisis. At the moment, her eyes are on the nightmare in Greece where even politicians are preparing for the "afterwards." Read.... Now Even Greek Politicians Are Taking Cover. Sarkozy has been her most powerful ally during the debt crisis. Without him, she couldn't have pushed through her policies, which have been a resounding success, in Germany: in a recent poll, 64% of Germans have a favorable opinion of her, and 90% were satisfied with her crisis management. ... With her intervention in the French election, Merkel has created the impression that preventing Hollande from becoming president has morphed into a government policy, and it doesn't necessarily enhance Germany's image abroad. Already, its reluctance to pay ever more to bail out the Eurozone has made it a global punching bag. Yet the amounts it has committed through a myriad of bailout programs are staggering.
Sarkozy has been her most powerful ally during the debt crisis. Without him, she couldn't have pushed through her policies, which have been a resounding success, in Germany: in a recent poll, 64% of Germans have a favorable opinion of her, and 90% were satisfied with her crisis management.
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With her intervention in the French election, Merkel has created the impression that preventing Hollande from becoming president has morphed into a government policy, and it doesn't necessarily enhance Germany's image abroad. Already, its reluctance to pay ever more to bail out the Eurozone has made it a global punching bag. Yet the amounts it has committed through a myriad of bailout programs are staggering.
Yet the amounts it has committed through a myriad of bailout programs are staggering.
