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Merkel's approval ratings soar amid euro row

The Local · 7 Jul 2012, 11:32

Published: 07 Jul 2012 11:32 GMT+02:00

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Her rating for June was eight percent higher than in May, according to Friday's ARD Deutschlandtrend poll. It is her best showing since shortly after her 2009 reelection.

And nearly 60 percent of those asked support her euro crisis strategy, describing it as “right and decisive,” the poll showed. Not that this has allayed their fears that the worst of the crisis lies ahead, with 85 percent agreeing with that statement.

She received a pasting this week from a group of 170 top economists who criticised her euro strategy, saying she was bowing too much to pressure from other European countries, and warning against any sharing of bank debts.

Other economists have since leapt to her defence, as did Dieter Hundt, president of the German Employers’ Association. “I am convinced that her course in the Europe question remains the right one,” he told the Saturday edition of the Südwest Presse newspaper.

And although Merkel's conservative Christian Democratic Union (CDU) remained clearly ahead in voter support with 35 percent, her current and preferred future coalition partner, the Free Democratic Party, again fell below the five-percent hurdle needed to get parliamentary seats.

The centre-left Social Democratic Party was on 30 percent, the Greens on 14 percent and the far-left Linke and Pirate parties both on seven percent according to the poll.

Story continues below…

DAPD/AFP/The Local/hc

The Local (news@thelocal.de)

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Your comments about this article

13:13 July 7, 2012 by smart2012
Finally merkel started to listen Monti, hollande, Obama. This is the only way out she has, otherwise she will end up like sarkozy :)
13:39 July 7, 2012 by Michel_Berlin
Her approval ratings are so high because she doesn't! :)

If France want's to go Greece it can do so, but alone....Merkel will have the last laugh, as always!
15:08 July 7, 2012 by GolfAlphaYankee
I sometimes feel like Germans are living in a parallel universe....

Germany is the BIGGEST beneficiary from the euro because it artificially hold down its currency (of course for me and you that mean less purchasing power but for the German economy as a whole it means less cost and more export).

now ! one currency means that the rich have to transfer some wealth to the poor (think north of Italy paying for the south and west Germany paying for the east... same thing in the US ).

and enough already about those irresponsible southerns (except Greeks): Spain had a very healthy budget and debt before the crises hit what happen there was a HUGE housing bubble fueled in large part by German and north europian Banks.

if Germans don't like the idea of writing checks (understandably) to Spain they have to accept a small increase in inflation (compared to the peripheral countries) so Spain, Italy and others can regain competitiveness : holidays in Spain will become more attractive for Germans and so buying more Spanish goods.
15:58 July 7, 2012 by Eric1
I wish we had her in America. Our President is systematically distroying the USA by design.
17:07 July 7, 2012 by smart2012
Eric1, u had it not long ago, "her" name was bush
20:12 July 8, 2012 by Englishted
I for one am sick to death of photos of this old bag.

I mean orange is soooo yesterday .
09:58 July 9, 2012 by AlexR

"and enough already about those irresponsible southerns (except Greeks): Spain had a very healthy budget and debt before the crises hit what happen there was a HUGE housing bubble fueled in large part by German and north europian Banks."

I wouldn't take Greece out from the equation. Indeed, the crisis in Spain (and Ireland) was mainly caused by the housing bubble "fueled in large part by German and north European Banks" but the crisis in Greece (and Portugal and Italy) was also caused by their government's budget bubble, again "fueled in large part by German and north European Banks".

The common denominator of all the above crises are the bubbles "fueled in large part by German and north European Banks", due to the structure of the Eurozone monetary union. It's rather simple really and it is better explained by many prominent economists like the Nobel laureate Paul Krugman:

"The origins of this disaster lie farther north, in Brussels, Frankfurt and Berlin, where officials created a deeply - perhaps fatally - flawed monetary system, then compounded the problems of that system by substituting moralizing for analysis. And the solution to the crisis, if there is one, will have to come from the same places."

23:12 July 9, 2012 by ceterum censeo
Yes, there is no one to challenge Angela Merkel, just as there was no one to challenge Adolf Hitler. The Karl-Marx University of Leipzig can be proud of Angela Merkel, former agitprop leader of the Freie Deutsche Jugend, now extending her leadership over the entire Europe.

The British again, they are in the opposition, but Merkel was lucky to get Sarkozy along as they created the euro crisis by intervention into the Greek insolvency.

In popular terms, they made it to to help certain German and French banks out of the credit liability but in fact, it is a radical neocommunist idea to start socializing the Europe starting from the public debt and budget control of all nations. She knows, there is no power without power on money.

Congratulations !
18:48 July 21, 2012 by Lja0265

Paul Krugman may have be a Nobel Laurete, but still knows nothing about economics.

Every time he writes a column, I and millions of other Americans shake our heads in disbelief.

Mr. Krugman sees nothing wrong with the current Obama Administrations economic policies even though they are turning America into Greece.

The best advise I could give to Ms. Merkel is to do the opposite of what that man says is the answer.
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