European Crisis

Destany Parker

September 13, 11

History

Mrs. Thompson

Europe Crisis

Berlin, a European country in Europe continent is dealing with a big finical crisis. Mrs. Merklin, Germany leader is facing difficult with restoring her countries “Way out plan”. Angela Merklin is decisions are based on more immediately, whether to allow Greece to default or even to leave the currency union. “American officials fear that if she does not act more decisively, bank lending could freeze up and the result would be another sharp financial downturn on both sides of the Atlantic”. The fear of it worsening, Berlin is depending more on the French banks to get them out of this sticky hole. Critics are saying, Mrs. Merkel has focused too much on protecting her political standing inside Germany, placing her position as chancellor above the need for bold, risk-taking leadership to rescue the European currency. Now the Greece bailout money, and her party, which is the Christian Democratic Union, is now suffering setbacks in the state elections, well as this month in the state of Mecklenburg- West Pomerania. If a strong like Europe fails, other small countries will go down as because small countries depend big countries to keep the system flowing. Countries like French and Greece are in a really big hole because if Berlin goes down then it’s likely for their countries to go down with them. President Nicholas Sarkozy, of France do not see eye to eye with President, but Sarkozy wants to keep the reputation of France and Germany being one of the most powerful leaders in Europe, they gain their reputation after the WWII.