Thursday 19 February 2015

MERKEL AND HOLLANDE : A BAD MONTH ?


Everyone has remarked the recent efforts of Hollande and Merkel trying to resolve current European problems.  

True, Merkel, the Chancellor of Germany has attacked Hollande, the President of France, for the poor economic performance by France in 2014.  Temporally France is in the EUROZONE "doghouse" !

However, Merkel did commisserate with Hollande after Islamic Terrorists took revenge against "Charlie Hebdo" early last month !  Whether now Merkel will agree to stricter immigration controls on EU borders remains to be seen ! 

Merkel and Hollande have again joined forces in an attempt to negotiate a cease-fire agreement in Ukraine with Russian President Putin.  An agreement has been signed but does it  provide any guaranties or sanctions if the Truce is not respected ?

The EUROZONE loans of 245 Billion Euros, which Greece now refuses to repay, worries Merkel and Germany in particular but France as well.   Merkel refuses the suggestion that a large part of the loans should be written off to prevent a "Grexit", i.e. Greece leaving the EURO !   What Greece will opt to do could be decided before the end of this week !                              

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