FX Macroeconomics Frau Doktor M Germany’s European option is not reversible
In this phase Europe is steered by a political leader, Mrs. Merkel, who spent the first 35 years of her life in the DDR. Mrs. Merkel, who speaks a perfect Russian, has been a member of Freie Deutsche Jugend, the SED youth organization (SED has been among the European c o m m u n i s t parties the most rigorous
in
being loyal to Moscow). Politicians, who in Europe and Russia
have
grown under c o m m u n i s t rules, can be roughly divided in two groups. On one side the e x- d i s s i d ent s , as we can find in the Baltic countries, in Poland and in the Czech Republic. They generally love market economy, but they are usually pure and disinterested. On the other side we can find men
coming from the secret services. It is well known that a common professional deviance for a secret service agent is a sort of amoral superman and ‘legibus solutus’ (rule-free) attitude. It is no coincidence that many leaders with
Mrs. Merkel is in a league of her own. The fact that she was the daughter of a Lutheran priest, even a Prussian one, has left a peculiar imprinting. Even if she quickly became familiar with the “byzantinisms” of politics, when she says something it is because she believes in it. Overall this is positive and c omf o r t i n g , especially when she is heard d e f e n d i n g G e r m a n y ’ s E u r o p e a n choice. A bit thrilling
less is
Activists of Freie Deutsche Jugend in blue shirt during the period of Angela Merkel’s militancy. 1970.
such a background, from central Asia to Balkans, have showed extreme ease in moving from communism to satrapy and greedy richness accumulation.
26 FX TRADER MAGAZINE July - September 2010
the fact that someone with a Lutheran- c o m m u n i s t training who has
learnt
Latin and English languages from her professor mother, can have - and will have - difficulties speaking
the financial market
international language.
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