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 "3) then ensured that the 21 July summit discussed nothing but Greece so it had to wait until the market meltdown of August 5 before Merkel and Wiedmann agreed to even acknowledge that the market was now attacking Spain and Italy and that the EFSF was dead in the water."

But the initially german line - no summit - had be abandoned. Hardly a proof of dictatorship.

 "I said in mid-July that the Council should have called Merkel's bluff and met without her..."

Well, that is their problem, right? Any way it wasn't necessary; Merkel did give in.

by IM on Thu Sep 8th, 2011 at 06:04:11 AM EST
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So she's an idiot dictator? You're arguing that because ordering the tide to stay out didn't work that she's not pivotal in setting policy? What?
by Colman (colman at eurotrib.com) on Thu Sep 8th, 2011 at 06:08:43 AM EST
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pivotal in setting policy - and germany was always pivotal in setting policy in the EU - is not same as dictator.

Regarding the idiocy: Have I created the impression that I am a Merkel fan?

by IM on Thu Sep 8th, 2011 at 06:36:40 AM EST
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Markel did give in to what? To meet and talk about nothing but Greece's second loan tranche when everyone else was worried about whether the EFSF would die of indigestion from having to swallow Spain and Italy?

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Thu Sep 8th, 2011 at 06:16:19 AM EST
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