Sunday 25 February 2018

Thomas Molloy: Angela will be in a huff -- but we can breathe a bit easier

Thomas Molloy

Thomas Molloy

GERMANY'S Chancellor Angela Merkel blinked early yesterday morning and it looks like she may make a habit of it.

The agreement that came out of the 14 hours of negotiations over the last two days was a political victory for the embattled Italian Prime Minister Mario Monti and his Spanish counterpart Mariano Rajoy and a defeat for Ms Merkel, who had dismissed any need for such measures just days earlier.

Germany's decision to allow easier access to the rescue funds and direct help for banks flew in the face of everything that Ms Merkel said she wanted as recently as a fortnight ago.

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