Merkel, Sarkozy Push for Strict Finance Rules

France and Germany have insisted that the European Union speed up its scheduled financial reforms, noting that “strong volatility” in the markets necessitates a quick ban on speculative trading against “certain” stock and government bonds. In a joint appeal, French president Nicolas Sarkozy and German chancellor Angela Merkel called on European Commission President José Barroso […]

German Soldiers in Afghanistan Protest

Defense Tech reports that German soldiers in Afghanistan are silently protesting against the perceived ambiguity of their mission’s purpose by snapping up patches that read “I fight for Merkel.” The patches, technically illegal, are a big seller among German soldiers at Mazār-e Sharīf. The country’s ISAF forces have been hit hard in recent weeks, losing […]

Euro Resentment Demands New Rules

Euroskepticism is abound anew. Where previously economist Paul Krugman argued that Greece could have weathered its fiscal crisis if it had retained its own currency, Judy Dempsey reports that Germans are increasingly nostalgic for their Deutsche Mark. “For Germans,” writes Dempsey, “the mark was more than just currency.” It represented the country’s postwar recovery, the […]

Merkel Government Under Pressure

Pressure is building on German chancellor Angela Merkel and her defense minister, Karl-Theodor zu Guttenberg, to account for the German-ordered NATO attack in Afghanistan last September that killed 142 people, many of them civilians. Guttenberg, formerly minister for economics, took charge of the Defense Department last October as member of Chancellor Merkel’s second cabinet. The […]