September 18, 2012

Did Merkel Just Save Obama?

Benjamin Weinthal, Foreign Policy

AP Photo

Barack Obama had a lot on his hands last week with attacks on U.S. embassies across the Middle East, but in Europe, a big story buried by the drama of firefights in Libya, Cairo riots, and tumult in Tunisia should have him sleeping a bit easier. In fact, he might want to send a thank-you note to Germany's top court, which on Wednesday, Sept. 12, upheld Chancellor Angela Merkel's plan to rescue the euro.

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TAGGED: European Stability Mechanism, Germany, Eurozone, United States, Barack Obama, Angela Merkel, 2012


September 10, 2012
Consigning Germany to Serfdom
Gunnar Beck, The Guardian
The proposed rescue fund for Europe not only breaches German law and EU treaties but could condemn a generation. more ››
September 11, 2012
Merkel's U-Turn on Greece
Hammerstein, Reiermann & Schult, Der Spiegel
Angela Merkel has made a surprising U-turn in her policy on Greece. The German chancellor now wants to stop Athens from leaving the euro zone at all costs -- even if it means massaging the figures in the upcoming troika... more ››
September 10, 2012
Angela Merkel's Bad Medicine
Robert Kuttner, American Prospect
On July 26, as traders were once again deserting Spain’s government bonds, setting up the risk of a default and a deeper crisis of the euro, Mario Draghi, president of the European Central Bank surprised and delighted... more ››