Thinking Global

Angela Merkel, Europe’s weary mountaineer

July 6, 2012

To help illustrate Germany’s historic dilemma as it calculates the risks of rescuing Europe, Ronald Freeman, a London banker friend, conjured up an image of Chancellor Angela Merkel as a weary mountaineer leading a perilous rock climb. Still some distance from safety, Merkel alternates between shouting instructions to those hanging behind her on a taut and fraying rope, and wondering whether to take out her knife and cut loose some of the burden.

Are the financial markets really Europe’s savior?

June 11, 2012

If the euro is saved, the much-maligned power of global financial markets will deserve much of the credit.

In Spain, Germany is villain, not savior

June 4, 2012

MADRID – What brought me to Spain during the most threatening week of the country’s recent history was an invitation to speak about one of Europe’s darkest hours a half-century ago, pegged to the Spanish-language publication of my book Berlin 1961: Kennedy, Khrushchev, and the Most Dangerous Place on Earth.