Germany’s Vincible Chancellor

THE incumbent is the leader of the centre-right Christian Democratic Union (CDU), rules in coalition with the liberal Free Democratic Party (FDP), and is more popular than opposition challengers from the Social Democrats (SPD) and the Greens. The only worry is the fate of the FDP. Polls say it may get less than 5% of […]

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Berlusconi Revival Puts EU Leaders In Tight Spot

Not again! Just 13 months ago, European heads of state and government joined forces to usher Italian premier Silvio Berlusconi into retirement. Chancellor Angela Merkel and then-French President Nicolas Sarkozy marshalled all of their persuasive powers to clear they way for a reform government in Rome under the leadership of Mario Monti. Now, with Prime […]

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The Money Is Gone, the War Is Over

Greek opinions about Germans are changing. When “austerity measures” were first imposed, Greek newspapers and posters infamously depicted Chancellor Merkel as a Nazi leader. But the reaction has lately become more sophisticated: now we hear that Germans want to pursue a strict interpretation of Protestant ethics (which knows no redemption on earth) and punish the […]

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The Faustian Bargain between States and Banks

When he presented his proposals for taming banks in late September, Peer Steinbrück was once again spoiling for a fight. The Social Democratic candidate for the Chancellery in next year’s general election railed against the chase for short-term returns and excesses within the sector and harshly criticized the “market-conforming democracy” in which politics and people’s […]

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