Wednesday, October 19, 2011


A Google search of the news today with 'Merkel Sarkozy' gives the following headlines, sorted by relevance:

Sarkozy, Merkel to meet ahead of EU summit 2 hours ago

Eurozone talks stalled: Sarkozy  10 minutes ago

French Fin Min: Merkel, Sarkozy To Announce New Greek Haircut On ...  4 days ago
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Merkel, Sarkozy Say Have Deal On European Banks  Oct 9, 2011
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EU Crisis Resolution on Sunday Uncertain: Analysts   6 hours ago
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Ireland Tells Merkel, Sarkozy to Fix Their Banks: Euro Credit  5 days ago
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Sarkozy to hold crisis talks in Frankfurt- sources   4 hours ago
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Pimco's Balls Says Merkel-Sarkozy Plan Isn't Signal to Buy ...  Oct 10, 2011
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Merkel-Sarkozy Divided on Default Threat to Banks: Euro Credit  Oct 7, 2011
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Merkel, Sarkozy to discuss eurozone debt crisis  Oct 10, 2011

Merkel/Sarkozy are a clown tag team par excellence. Whether they do it on purpose, or it just comes naturally, the results seem to flabbergast even the most jaded observers, including yours truly.

Their meetings always seem to end in agreement, the markets get euphoric, and then a few days later there goes Sarkozy, off to another meeting with Merkel. He just left his wife in childbirth to scamper on down to Frankfurt to meet with her again.

The only thing that's clear is that no one has any idea what they're doing except the Greeks, who would like to get the hands on all these finance ministers and heads of state and tear them into little bitty pieces.


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