Angela merkel

‘Can anyone seriously imagine the German state and corporate establishment allowing the bank that bears their country’s name to go down?’ I asked in February, adding rather bravely, ‘Of course they won’t.’ And that, I fear, makes my next question, ‘Am I about to eat my hat?’ Shares in Deutsche Bank have plunged to their lowest level since 1992 as the US Department of Justice seeks to impose a $14 billion fine relating to Deutsche’s issuance of mortgage-backed securities before the 2008 crisis, and rumours say Chancellor Angela Merkel has ruled out a state bailout. Deutsche boss John Cryan says the bank hasn’t asked for her help to fight its

‘When the world ends, I’ll go to Mecklenburg,’ quipped Bismarck, ‘because there, everything happens a hundred years later.’ Mecklenburg-Vorpommern has always been seen as somewhere behind the times, but has this sleepy backwater now become a portent of momentous things to come? In last weekend’s regional elections, Germany’s fledgling anti-immigration party, Alternative für Deutschland, came second, pushing Angela Merkel’s CDU into third place – in her own constituency. So was AfD’s Leif-Erik Holm right to say that this could be the beginning of the end for Merkel? And does this shock result mark the end of the beginning for AfD? I have a soft spot for Mecklenburg (my father’s family used

It’s no surprise that Italy’s prime minister Matteo Renzi chose to host a press conference with Angela Merkel and Francois Hollande on an aircraft carrier; this was a piece of theatre designed to show the EU is fighting back. ‘Many thought the EU was finished after Brexit,’ said Renzi. Not so, he claimed. Instead, Britain’s decision to leave the EU was the chance to ‘write a future chapter’ and ‘relaunch the powerful ideas of unity and peace, freedom and dreams’, the Italian PM insisted. All very well, you might think, but what does that mean? Defending the continent against the threat of Islamic terrorism was a key topic. Angela Merkel

Britain’s decision to leave the EU sent shockwaves crashing throughout the continent. As Europe struggled to interpret the outcome of the referendum, we heard calls for Brussels to drive a hard bargain with the UK in order to contain the ‘Brexit contagion’. The European Council President Donald Tusk’s warning that the UK must not be allowed to ‘profit’ from leaving the bloc summed up this mood. But now, it seems, our neighbours in Europe are coming to terms with Brexit. And with it, the desire to punish the UK appears to be dampening. Michael Roth, Germany’s European Affairs minister, has this week suggested that a ‘special status’ could be achieved

As Britain’s second female Prime Minister, Theresa May has inevitably been compared to Margaret Thatcher. But she’s also been linked to a contemporaneous politician: Angela Merkel. Whilst some have dismissed the comparisons, it’s not only British journalists drawing on the similarities between Theresa May and the ‘Iron Frau’ – German newspapers are now doing the same. The initial parallels are clear; two middle-aged women who have fought their ways to the top of the male-dominated world of politics. However, both Bild and Die Welt – two of Germany’s biggest newspapers – believes there is much more which unites May and Merkel and has uncovered a surprising number of similarities to

Der Speigel has published a fascinating write-up giving last week’s extraordinary events from Angela Merkel’s perspective. Specifically, it seems, she’s had enough of Jean-Claude Juncker, the egregious president of the European Commission, and has told him to bow out from future negotiations with the UK. She’s fed up of him insisting that Britain rushes to invoke Article 50. Indeed, her “utmost concern,” says the magazine, is “giving Britain as much time as possible” for an orderly transition. Here’s an extract:- At 1 p.m. on the Friday after the Brexit referendum, Merkel makes a statement to Berlin journalists in which — in contrast to Schulz — she does not demand a rapid British withdrawal. One

Boris Johnson famously said that Winston Churchill would have voted for Brexit. The wartime leader’s grandson — staunch Remainer and Tory grandee Nicholas Soames — dismissed such claims as ‘appalling’ and ‘totally wrong’. This bad-tempered referendum rift between two traditionalist, Old Etonian Conservatives symbolises, somewhat incongruously perhaps, the broader state of the nation. Deep and traumatic divisions have been drawn between friends and families everywhere — and, of course, within political parties. David Cameron’s dignified resignation speech has quickly given way to a grim determination to ‘Stop Boris’ from taking the Conservative crown and the Premiership. Labour, meanwhile, is in self-destruct mode, the parliamentary party in full rebellion against Jeremy

It is difficult not to be Eurosceptic. The euro is in trouble, Greece has been bankrupted by Angela Merkel’s fiscal rules, and the Schengen agreement on open borders is collapsing as economic migration seems impossible to stop. Genuine refugees are sadly lost in the human tide of misery landing on the shores of Greece and Italy. And the democratic deficit which allows the European Union to be so unaccountable is leading to the rise of extreme nationalist political parties all over Europe. The result – Bulgaria has a lamentable justice system, Poland has introduced illiberal media laws and Hungary’s constitution has been hijacked. The EU is in danger of collapse unless it undertakes serious

‘No one can seriously deny that European integration brought an end to Franco-German conflict and has settled the German question for good,’ wrote Niall Ferguson in the latest Sunday Times. I hesitate when confronted by such an assertion by such a learned professor. But I think I would seriously deny it, or at least seriously question it. Surely what brought an end to Franco-German conflict was the utter defeat of Nazi Germany. European integration was a symptom of that end, not its cause. As for settling the German question, isn’t it too early to say? The eurozone is the first large non-German area to have been dominated by Germany since

At times in David Cameron’s EU renegotiations, it’s seemed as though the Prime Minister struggled to be in the driver’s seat. Now evidence has come to light that confirms Cameron’s power struggle with one of Europe’s main leaders. Speaking at the Hay Festival, Neil MacGregor — the former director of the British Museum — let slip the difficulties he encountered when Angela Merkel and Cameron arranged a visit to see an exhibition he on German history from the past 600 years. Of all the objects in the exhibition, MacGregor thought the VW Beetle would make a great prop for a photo opp for the two leaders. Alas, it wasn’t to