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Everyone Thinks Angela Merkel Has Been A Thorough Disaster


Read more: Everyone Thinks Angela Merkel Has Been A Thorough Disaster

Last May -- when the Greek crisis was really getting hot the first time -- we wrote a post titled: Has Angela Merkel Played The Worst Poker Hand In History? The problem was that Merkel was steadfast in being anti-bailout, only to cave at the end, but not before creating all kinds of new headaches and uncertainty. Her performance was a disaster through and through, because she was caught bluffing, and didn't end up getting anything for it.
Over a year later, perceptions of her crisis handling continue to be really poor.
George Soros all but blames the entire Euro crisis on Merkel.
A new Der Spiegel article on leadership skills is just brutal.
Germany is obviously the leader of the Eurozone, but Merkel really hasn't done anything notable to deal with the crisis raging all around her.
And questions about her incompetence go beyond Europe.
Last Wednesday the chancellor, speaking in the Angolan capital Luanda, said that Germany wanted to help the country "in bolstering its navy." These words alone were enough to trigger a minor media frenzy. Nobody, it would seem, bothered to vet the comment prior to their delivery, particularly given the controversy over Germany's planned sale of more than 200 tanks to Saudi Arabia . And they immediately led critics to question whether the German government now intended to become an arms supplier to dubious regimes.
She later added that she was referring to coast guard patrol boats. Even that could generate some controversy, but at least it didn't sound quite as militant. To avoid the initial distress, Merkel should simply have mentioned the patrol boats right away, but she lacked the necessary judgment -- and words -- in the situation at hand, that is, the debate over tank exports. She communicated without a strategy, and the phrase "ships for Angola" was plopped into the world the way someone might drop a stone into a well.
Everyone thinks her political career is toast once the next elections come around, as the old guard within her conservative party has lost confidence in her. Unfortunately there's a pressing need in Europe now to do something.

 
la mia flotta di corazzate piu altri incrociatori su altro c/C di 50k

GREECE 37 4.5 230.000
0 230.000 EUR 50,9075
Fiscale 50,9863 42 117.087,2 96.600
rateo 7.641,98
BND


HELLENIC REP 26 5.3 253.000
0 253.000 EUR 48,881
Fiscale 48,8957 44,11 123.668,98 111.598,3
rateo 4.042,3328
BND


GREECE 40 4.6 54.000
0 54.000 EUR 50,5527
Fiscale 50,5856 41,35 27.298,44 22.329
rateo 1.830,4596
BND


GREECE 18 4.6 182.000
0 182.000 EUR 57,4434
Fiscale 57,33 46,16 104.546,95 84.011,2
rateo 48,4848
BND

imho ti convocano a Roma tra un po'
purtroppo ho idea che ti accompagno
 
Oggi è stato reso noto il livello di popolarità della Merkel in caso di voto, attualmente si trova al livello più basso con indice al 36%.
La scorsa settimana era al 39%. Nel 2008 al 60%.
Questo non depone a favore di una "soluzione forte".
Ma dato che la Frau ci ha abituato a repentini colpi di coda, attendiamo fiduciosi.

perfino la stampa tedesca la critica apertamente per l'ambiguità che continua a tenere ... oggi un articolo diceva che proprio perchè la Merkel ha negato gli Eurobond, si arriverà a farli :)
 
Merkel, Sarkozy Reach Position on Greek Debt

Q
By Rainer Buergin - Jul 21, 2011 1:00 AM GMT+0200 Wed Jul 20 23:00:06 GMT 20


http://www.bloomberg.com/video/72440260/Q


July 14 (Bloomberg) -- Bill Blain, head of the Special Situations Group at Newedge Group, talks about the risk of contagion from the European sovereign debt crisis. Blain also discusses today's Italian bond auction and the outlook for the European bank stress tests. He speaks with Maryam Nemazee on Bloomberg Television's "The Pulse." (Source: Bloomberg)



German Chancellor Angela Merkel and French President Nicolas Sarkozy reached a “joint position on Greece’s debt situation” after seven hours of talks at the Chancellery in Berlin today, Steffen Seibert, Merkel’s spokesman, said in an e-mailed statement.
The two leaders “listened to” arguments brought forward by Jean-Claude Trichet, president of the European Central Bank, who attended part of the meeting, Seibert said. They exchanged views with European Union President Herman Van Rompuy by telephone, Seibert said.
The joint Franco-German position will be presented to leaders at today’s summit in Brussels by Van Rompuy, Seibert said.
To contact the editor responsible for this story: Rainer Buergin at
 
ts&cs and copyright policy which allow you to: share links; copy content for personal use; & redistribute limited extracts. Email [email protected] to buy additional rights or use this link to reference the article - Germany and France reach Greek accord - FT.com

Last updated: July 21, 2011 12:03 am
Germany and France reach Greek accord

By Peter Spiegel in Brussels, Quentin Peel in Berlin and Patrick Jenkins in Paris


Germany and France appeared to settle their differences late on Wednesday over a new rescue package for Greece.
No immediate details were available but Steffen Seibert, a spokesman for Angela Merkel, the German chancellor, said “a common German-French position” had been agreed and ­discussed with Jean-Claude ­Trichet, president of the European Central Bank, and Herman van Rompuy, president of the European Union.
More

On this story



The breakthrough came after Nicolas Sarkozy, French president, rushed to Berlin to hammer out a Greek rescue plan that could include €71bn (£63bn) in bail-out funds from global lenders and a €50bn tax on eurozone banks, proceeds from which would be used to buy back 20 per cent of Greece’s €350bn in outstanding debt.
The proposals, included in a plan circulated by the European Commission ahead of an emergency summit on Thursday, also include a bond exchange programme under which private owners of Greek debt would be encouraged to swap their holdings for new 30-year bonds. The swap plan could reduce Greek debt by an estimated €90bn. It would be offered, with credit sweeteners, to owners of bonds due in the next eight years.
Senior bank executives involved in talks with European negotiators said a final plan was likely to include either the bank tax or the bond exchange programme – but not both.
 
ts&cs and copyright policy which allow you to: share links; copy content for personal use; & redistribute limited extracts. Email [email protected] to buy additional rights or use this link to reference the article - Germany and France reach Greek accord - FT.com

Last updated: July 21, 2011 12:03 am
Germany and France reach Greek accord

By Peter Spiegel in Brussels, Quentin Peel in Berlin and Patrick Jenkins in Paris


Germany and France appeared to settle their differences late on Wednesday over a new rescue package for Greece.
No immediate details were available but Steffen Seibert, a spokesman for Angela Merkel, the German chancellor, said “a common German-French position” had been agreed and ­discussed with Jean-Claude ­Trichet, president of the European Central Bank, and Herman van Rompuy, president of the European Union.
More

On this story


The breakthrough came after Nicolas Sarkozy, French president, rushed to Berlin to hammer out a Greek rescue plan that could include €71bn (£63bn) in bail-out funds from global lenders and a €50bn tax on eurozone banks, proceeds from which would be used to buy back 20 per cent of Greece’s €350bn in outstanding debt.
The proposals, included in a plan circulated by the European Commission ahead of an emergency summit on Thursday, also include a bond exchange programme under which private owners of Greek debt would be encouraged to swap their holdings for new 30-year bonds. The swap plan could reduce Greek debt by an estimated €90bn. It would be offered, with credit sweeteners, to owners of bonds due in the next eight years.
Senior bank executives involved in talks with European negotiators said a final plan was likely to include either the bank tax or the bond exchange programme – but not both.


La cosa positiva è che c'è un accordo sul tavolo. Speriamo che sia risolutivo. Personalmente non mi dispiace una tassa dalle banche anche se probabilmente opteranno per uno scambio dei bond.
 
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