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Germany's Angela Merkel's decisiveness at key moments in the eurozone crisis 2010-2012
04/29/2010
In dealing with bankers on bondholder losses for loans to Greece, with Greece's prime minister Papandreou over a proposed referendum on debt reduction, and with French president Sarkozy on bondholder losses to reduce Greek debt, at every turn Angela Merkel showed a clear decisiveness during the eurozone crisis in 2011-2012. After a no confidence vote for premier Berlusconi in Italy's parliament Merkel persuaded president Napolitano to win consensus for the formation of a new government headed by Mario Monti, EU commissioner. After earlier fumbling with the crisis in actions by Merkel in 2010, the German chancellor learned from errors and improved her handling of the eurozone crisis in 2011-2013.
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