Authored by Lars Seier Christensen, CEO Saxo Bank; via his blog at TradingFloor.com,
Merkel’s Lack of Vision Is The Achilles Heel Of Europe
I have met a number of politicians over the years, but lately it has dawned on me that very few of them are seriously prepared to stand up for their beliefs, if indeed they have any.
I can just about recall a time long ago when things seemed slightly different; nowadays, politics is all about solving day-to-day problems and following opinion polls on what voters are prepared to tolerate, rather than leadership and fundamental personal integrity.
Ideologies and courage have been consigned to the past and, as I see it, Europe’s Achilles’ heel is the German Chancellor Angela Merkel, the de facto leader of the EU, and her lack of vision for the single-currency bloc.
Her lack of vision stands as a striking contrast to the emotional feelings that dominated much of post-war European political thinking.
I, for one, believe a more rational approach could have saved us from the mess we are in, but declaring that the EU should be winning the global economic race, which is one reason why Germany wants to keep Britain in the EU, is not a vision. It’s a rational goal I support, but one we won’t reach unless we come up with a new, realistic vision for Europe in the 21st century.
Thanks to BrotherJohnF