German Chancellor Angela Merkel has deeply strained relations with allies in the European Union and the NATO alliance, raising new questions about Germany’s ability to play a global role in foreign policy, the New York Times reports.
Two weeks before the regional elections in Baden-Württemberg, a traditional stronghold of Chancellor Angela Merkel´s Conservative party CDU, the nuclear crisis in Japan has put German nuclear politics at the heart of the political discussions.
If previous EU responses to the euro crisis are any guide, investors should not be expecting a highly-coordinated, shock-and-awe approach like those we have seen from the US authorities.
Bundesbank president Axel Weber said a lack of political acceptance in the eurozone for his hawkish monetary views had driven his abrupt decision not to run. The FT reports.