German Chancellor Angela Merkel sent a clear “I told you so!” to the United States and Britain at the weekend, criticising them in unusually frank terms for resisting measures that might have contained the current financial crisis. The conservative leader of Europe’s largest economy reminded her partners that she had pushed for steps to boost the transparency of hedge funds during Germany’s presidency of the Group of Eight last year. “We got things moving, but we didn’t get enough support, especially in the United States and Britain,” she told the Muenchner Merkur newspaper. Merkel expanded on her point in a speech in Austria, suggesting that both Washington and London were only now coming around to her view.
Global News Journal
Obamamania has hit Germany hard, but many here are wary of the big show the Democratic presidential candidate will put on in Berlin on Thursday, when his speech at the “Victory Column” could attract hundreds of thousands.
The ferocity of the reaction in the German media to the fortress-like new U.S. embassy in Berlin, which former U.S. President George Bush will inaugurate on Friday, strikes me as a reflection of the strains in German-U.S. relations since 2003’s Iraq conflict.
At any one of the dozen high-powered Berlin summer parties thrown by major media outlets and the political parties in Germany each year you can count on finding a reasonable cross-section of government and industry movers and shakers to rub elbows with. But nowhere in Germany can you find as rich an assortment of A-list government, business, media and entertainment industry types as at the “Sommerfest” held by Bild newspaper.
It hasn’t garnered as much attention or generated quite the same excitement as the nomination battle between U.S. Democrats Barack Obama and Hillary Clinton did, but Germany’s Social Democrats are tying themselves in equally torturous knots over who will lead their party into the next election.