German Chancellor Angela Merkel doesn't lose her cool very often. But she did when she heard that Deutsche Bank CEO Josef Ackermann was calling for a new bailout fund for the financial sector. In fact, Merkel was furious.
It's also very rare to see Merkel publicly attack someone. Even during the recent election campaign, she was extremely reluctant to go after her opponent. But she was not about to let Ackermann get away with what he'd done. She waited four days -- and then she made her move.
Two Fridays ago, Merkel delivered a speech at a management conference sponsored by the daily newspaper Süddeutsche Zeitung. After a while, she said that "there's a certain fellow, who works in the financial sector, who is -- to put it mildly -- shooting his mouth off a bit." It was an obvious reference to Ackermann.
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