Germany adjusts his tandem with France
It is a blow to Angela Merkel. German Chancellor has lost Sunday night for its closest ally to win against its European partners in managing the crisis of the euro. The defeat of Nicolas Sarkozy, she has supported all the way, is also a bit his. However, his political career attests: Merkel is good at adapting to new realities. It's been several weeks since his team is preparing for a possible victory of Francois Hollande. The Socialist no longer afraid to Berlin. His first phone call on Sunday night was to be for the Chancellor.
Francois Hollande was pretty irritated the Germans during his campaign by promising not to ratify the treaty in the state of budgetary discipline. The Socialist candidate would include a component of measures to support growth, including on the funding at European level of environmental or industrial projects. Merkel replied curtly that there would be no renegotiation of the text, regarded in Berlin as the culmination of his vision of a Europe steeped in the "stability culture" Germanic. Before making a small step towards Holland stating that the EU was preparing a "growth agenda" for the top end of June
Holland, who said he wanted to be part of the Franco-German tradition by making his first trip across the Rhine, is expected in Berlin this weekend or early next week, following his inauguration. It is expected to meet informally with the Chancellor of how to amend the treaty. Merkel wants to prevent the initiatives to support growth would delay its ratification. To circumvent the risk of isolation, she has already joined the Italian Mario Monti. And it seeks to gather around their tandem a significant number of twenty-five countries signed the treaty to ratify the text without waiting for France.
Berlin wants to believe qu'Hollande will find a "pragmatic solution", according to a memorandum of discussions between the team of the socialist candidate and German diplomats, quoted by the media across the Rhine. "Holland and his team want to be part of the continuity of the Franco-German working for Europe," said the note. For several weeks, Michel Sapin, author of the economic project of Holland, and Jean-Louis Bianco try to reassure the Chancellor through contacts with his closest advisers. On both sides of the Rhine, we want defuse "hiccups" that perfect storm of the euro, would be immediately punished by the markets.
Of "painful truths"
Merkel's entourage insisted on the red lines of the Chancellor. The introduction of Eurobonds is still a taboo in Berlin. As a stimulus to growth by an extensive program of public spending. Germany believes that its model of structural reforms is the role model for Europe. And she hopes qu'Hollande be satisfied with a symbolic boost to growth. For Berlin, the Socialist candidate's campaign promises are not set in stone. And he would realize that he will announce "painful truths" to the French early in his term. Germany feared above all that the arrival in power of Holland bury any desire for reform in France. And having to wear one at arm's Europe and the single currency. Holland "judge superfluous needed economic reforms, pension and labor market, laments the Bild newspaper in an editorial. The French economy unscrews. If Holland looks away, she will continue to fall. While Germany is alone without strong partner with a big question mark next to the euro. "
Somewhat reassured by his contacts with the Dutch team, led by Berlin is one hope: that economic realities and uncompromising market pressure will convince the French Socialist turning into a Social Democratic German inspired.
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