February 20, 2010
This week's issue of Business Week gives an overview on Angela Merkel's politics - whether or not she can find a balance between Germany's interests and the threatening crisis in the EU.
Business Week in the web shop of Hungaropress>>
"Angela Merkel has no children of her own, but in the inner circles of her political party she is called Mutti—“Mom.” The 55-year-old German chancellor has managed to stay in power since 2005 by governing quietly, cautiously, and pragmatically from the center right of a country that prizes smooth cooperation among big business, big labor, and big government. Although supersmart—she earned a doctorate in physics as a young woman in Communist East Germany—Merkel likes to pose as an ordinary citizen, comparing her economic policies to those of a provincial housewife who simply wants to balance the family budget. She and Germany are well suited to each other. Now Merkel and Germany face a crisis, originating in dysfunctional Greece. As head of Europe’s biggest economy and the country that has ladled out billions to support the European Union, she has emerged as the key player in the drive to save Greece from default, stem the bond market attacks on the euro, and instill fiscal discipline in the euro zone’s weakest members."