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Was that really focused on German banks, or on Spanish banks?
At any rate, in Germany, it is reported that the banking sector didn't like the idea at all, while anonymous government people say that the rest of Europe should follow or else be suspect of hiding dark secrets. DB boss Ackermann for his part demanded that stress tests not be published before bailout packages are prepared for the weak banks that will inevitably be attacked after publishing. But that was yesterday, today the Council approved the release of the stress tests, and the German bankers' association gave up resistance.
Can they get the head of Merkel?
I doubt it. But, if Germany is still Germany Inc, maybe the entire economic elite can.
European Commission wants Spain to cut even more
Germany elites have lost confidence in Merkel and her government An poll, regularly carried by Capital Magazine, shows that Germany's elites have lost confidence in the Merkel government, and also in the chancellor personally. The poll is not representative of the country's at large, but those polled, which include CEOs and state premiers, tend to lead public opinion, which is why this poll is taken seriously. 92% of those questions expressed disappointment about the government. Three quarters believe the government is too weak to master the challenges ahead. 49% think that Merkel is weak chancellor, her worst rating since she became chancellor in 2005. Interesting are some of the reasons for the discontent. The elites want Merkel to step up the drive to austerity, and believe that the recently announced measures are insufficient. The only highlight was Merkel's handling of the Greek crisis, which was generally approved.
Germany elites have lost confidence in Merkel and her government
An poll, regularly carried by Capital Magazine, shows that Germany's elites have lost confidence in the Merkel government, and also in the chancellor personally. The poll is not representative of the country's at large, but those polled, which include CEOs and state premiers, tend to lead public opinion, which is why this poll is taken seriously. 92% of those questions expressed disappointment about the government. Three quarters believe the government is too weak to master the challenges ahead. 49% think that Merkel is weak chancellor, her worst rating since she became chancellor in 2005. Interesting are some of the reasons for the discontent. The elites want Merkel to step up the drive to austerity, and believe that the recently announced measures are insufficient. The only highlight was Merkel's handling of the Greek crisis, which was generally approved.
Then again, whom would they replace Merkel with.
Is really merkel doomed or has still power?
It is way too early to bury them, she still has power and so have her ministers (in this context: Schäuble the finance minister). But what they elect to use that power for, is another thing... *Lunatic*, n. One whose delusions are out of fashion.
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