Merkel’s comments test EU patience

first_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndo Merkel’s comments test EU patience whatsapp KCS-content Thursday 25 November 2010 8:09 pm More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comcenter_img Share whatsapp Show Comments ▼ GERMAN chancellor Angela Merkel’s repeated interventions in the euro crisis have prompted anger among EU officials, who fear that Germany is turning its back on the Eurozone’s interests in favour of its own. Eurogroup chairman Jean-Claude Juncker said yesterday that he is “concerned that in Germany, the federal (government) and local authorities are slowly losing sight of the European common good”. European Central Bank official Ewald Nowotny has admitted that he is “irritated” with Merkel.Merkel has made several proclamations seen as unhelpful by EU officials, in particular her insistence on reiterating that private bond traders must share the burden of bailouts by accepting haircuts on their investments.TIMELINE | ANGELA MERKEL’S INTERVENTIONS29 October: Angela Merkel proposes that the new EU bailout mechanism include haircuts for private bond traders. 10 November: Merkel reiterates her position, followed by a reassurance that it would only apply after 2013. 18 November: Merkel says she is “completely convinced” that the measure must be adopted.23 November: Merkel says the euro’s situation is “exceptionally serious”.24 November: Merkel asks in Reichstag: “Have politicians got the courage to make those who earn money share in the risk as well?”25 November: Merkel rows back, saying “this is about a future crisis mechanism”, and won’t apply to current investors. Tags: NULLlast_img

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