简介：German Chancellor Angela Merkel says Europe's economic turmoil is the continent's greatest crisis since World War II. But critics say she has been doing too little and lacks a bold vision for solving Europe's problems.
German Chancellor Angela Merkel
Gayle Allard with Madrid's IE Business School
CDU politician Elmar Brok
Christian Democratic Union
Economist Gayle Allard with Madrid's IE Business School says this moment cries out for a bold, visionary approach, not Merkel's timidity. She says the chancellor should communicate to the German people how much their export-dependent economy has gained from the euro and how its banks are partly to blame for the crisis by aggressively lending to their southern neighbors. I think there is maybe fear, fear of telling the truth to German citizens that if the euro founders, it's gonna hurt German industry badly. German industry has benefited hugely, and the slowdown right now in Germany is due to the crisis in so many of their export markets on periphery of Europe. But CDU politician Elmar Brok, a member of the European parliament, says Merkel is using the crisis as an opportunity to reshape European fiscal policy more in tune with German postwar sensibilities of frugality, caution and historical fear of inflation. She wants to have a long-term solution, not a cheap way. And this is sometimes difficult in politics, which look for the next election date. That cautious, methodical manner is rooted in Merkel's personality, as well as her political and personal background. She is a bit of an anomaly as leader of her Christian Democratic Union, a party deeply influenced by Catholic social teachings with its core support traditionally in Western Germany. By contrast, she's the daughter of a Protestant minister who grew up in the then-Communist east of the country and trained to be a physicist before entering politics.