December 18, 2010

BECAUSE TRANSNATIONALIST IS ANOTHER WORD FOR UNELECTABLE:

Unpopular Germany Faces 'Unpleasant' Years Ahead (Der Spiegel, 12/17/10)

German Chancellor Angela Merkel heads to the European Union summit on Thursday and Friday knowing that her country's popularity in the rest of the EU is at its lowest ebb in decades. Berlin's opposition to a number of proposals for dealing with the euro crisis, from Eurobonds to an increase in the euro zone's bailout fund, has left many other member states questioning Germany's solidarity with its struggling neighbors.

Berlin is seen as insisting on economic prudence and savings measures at a time when it is enjoying the benefits of an export boom while its indebted EU partners struggle to deal with spiralling debt crises. And some see Merkel's insistence on a permanent crisis mechanism, which will be discussed at the summit, as having precipitated the need for the recent Irish bailout.

Yet Merkel is struggling to find a balance between meeting Germany's commitments to its European partners and not antagonizing taxpayers at home who are loath to pay for what they see as the more profligate ways of some euro-zone states.

Enhanced by Zemanta
Posted by Orrin Judd at December 18, 2010 5:44 AM
blog comments powered by Disqus
« THERE'S ONLY ONE STORY AND DEMOCRATS LIBERALS THINK IT'S A LIE: | Main | ENTREPRENEURS DON'T RUN GIANT FIRMS, BUREAUCRATS DO »