“You have not anchored Germany to a unified Europe…You have anchored Europe to a newly unified and dominant Germany! In the end my friends, you will find it will not work.”
– Margaret Thatcher
With America on the way out and committing national suicide… say hello to The Fourth Reich and the world’s next superpower.
Chancellor Angela Merkel is considering quitting ahead of the 2017 elections and is interested in UN Secretary-General or President of the European Council roles, Spiegel reports
Angela Merkel does not want to complete her full term as German chancellor and is planning to resign before elections due in 2017, according to reports.
The German leader is aiming to become the first chancellor to leave of her own accord since 1949, and is interested in a new role as United Nations Secretary-General, or President of the European Council, Spiegel magazine reported.
“For all you know, Angela Merkel is even now contemplating how to break up the euro,” saysThe Economist in its latest assessment of the options available to the German Chancellor. In a spoof memo addressed to Ms Merkel “drafted in utmost secrecy by a few trusted officials,” the newspaper outlines the kind of advice she may be receiving. Assessing the current situation, the weekly says –
Bluntly, the plan isn’t working. Greece is a disaster zone. Ireland and Portugal are making some progress … but they still have a long way to go and could easily be knocked off course. Worse, Spain looks as if it may need a full bail-out rather than the partial one for its banks you had hoped would suffice.
Of the two options, our judgment is that the larger break-up makes more overall economic sense than an exit of Greece alone. But we must emphasise that the economic and financial risks of it going wrong are much greater, and pushing it through would be an order of magnitude more difficult than co-ordinating an exit by Greece alone. Finally, a drawback associated with both options, even if they were to work, is that many of the benefits would lie in the future … whereas the costs would be felt here and now – and blamed on you and your government.
Germany has said it will back Israel, a position that European Union on the whole isn’t too keen to adopt, analysts said. German news magazine Der Spiegel said German Chancellor Angela Merkel’s forthright pledge to come to Israel’s aid displeased German Foreign Ministry officials.