Merkel’s Moment
Desmond Lachman | The American
November 23, 2011

  • Download

The markets, together with the French, Italian, and Spanish governments, are clamoring that she should lean heavily on the European Central Bank (ECB) to provide unlimited financial support to reduce Italian and Spanish interest rates to affordable levels. Yet, closer to home, her electorate is balking at any notion of putting additional German taxpayer money at risk for yet further bailouts for the crisis countries. Her electorate is also against taking financial pressure off the peripheral countries to mend their wayward ways.

Read the full text of this article at American.com.

  • Download
Also Visit
AEIdeas Blog The American Magazine
About the Author

 

Desmond
Lachman
  • Desmond Lachman joined AEI after serving as a managing director and chief emerging market economic strategist at Salomon Smith Barney. He previously served as deputy director in the International Monetary Fund's (IMF) Policy Development and Review Department and was active in staff formulation of IMF policies. Mr. Lachman has written extensively on the global economic crisis, the U.S. housing market bust, the U.S. dollar, and the strains in the euro area. At AEI, Mr. Lachman is focused on the global macroeconomy, global currency issues, and the multilateral lending agencies.
  • Phone: 202-862-5844
    Email: dlachman@aei.org

  • Assistant Info

    Name: Daniel Hanson
    Phone: 202.862.5883
    Email: Daniel.Hanson@aei.org
Show More | See Full Profile

What's new on AEI

image How to beat Memorial Day traffic forever
image Bernanke stumbles, markets react
image Don't edit the First Amendment
image Home Economics
close

Join the AEI Media List

AEI's press office frequently sends press advisories highlighting the availability of scholars to discuss particular news topics, as well as recent AEI products (such as studies, articles, and testimonies). Please enter your contact information below to be added to our media list.
JOIN MEDIA LIST
AEI on Facebook
Events Calendar
  • 27
    MON
  • 28
    TUE
  • 29
    WED
  • 30
    THU
  • 31
    FRI
Wednesday, May 29, 2013 | 4:30 p.m. – 6:00 p.m.
Solar radiation management: An evolving climate policy option

As the controversy over climate policy has grown, it has been said that greenhouse gas (GHG) control is too hard but solar radiation management (SRM) is too easy. Join AEI for a discussion of the potential economic benefits, as well as the risks of SRM with Lee Lane, J. Eric Bickel and Nobel Laureate Thomas Schelling. A reception will follow.

VIEW EVENT DETAILS
Thursday, May 30, 2013 | 12:00 p.m. – 2:15 p.m.
Public employee pensions: How large are the deficits? What changes can be made?

At this event, panelists will address pension reform challenges by presenting the results of three research papers commissioned by AEI through a generous grant from the Smith Richardson Foundation.

VIEW EVENT DETAILS
Friday, May 31, 2013 | 9:15 a.m. – 11:15 a.m.
Long-term care: Markets or mandates?

Mark Warshawsky, a well-known expert in retirement finance and a newly appointed commissioner, will explain the implications of a publicly funded long-term care insurance program. Then a panel will debate whether another government program the best way to ensure that families can afford to provide the necessary services for their aging loved ones.

VIEW EVENT DETAILS
No events scheduled today.
No events scheduled this day.
No events scheduled this day.
No events scheduled this day.
No events scheduled this day.