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FX.co ★ Three biggest mistakes by Angel Merkel according to Daily Telegraph

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Forex Humor:::2021-12-20T10:54:48

Three biggest mistakes by Angel Merkel according to Daily Telegraph

According to the Daily Telegraph, experts pinpointed three major errors committed by Germany’s ex-Chancellor Angela Merkel during her 16 years at the helm of the largest European economy.

Experts suppose that Angela Merkel did not avoid blunders in the economy and internal politics. Interestingly, this viewpoint is shared by her colleagues at the Christian Democratic Union (CDU) and her counterparts from EU countries.

The policymaker made the first grave error 10 years ago during the debt crisis in Greece, the Daily Telegraph noted. She urged the EU authorities to tighten the grip on Southern European countries. Tough requirements forced the Greek government to implement structural reforms that put a great strain on the domestic economy. Such measures are to blame for long-lasting economic and political scars on the EU image.

The second dramatic error of the ex-Chancellor was the decision to give up the idea of using nuclear energy. As a result of this policy, the country ended up depending on Russia’s commodity exports. The participation in the geopolitical Nord Stream project lured Germany into a trap.

Analysts at the Daily Telegraph say that the third historic error of Angel Merkel is the policy of the open borders for immigrants. This decision opened the gateway for numerous asylum seekers in 2015 who are still flooding into the prosperous European economy. The aftermath of this policy remains a painful burden for the whole Eastern Europe.

Citing experts at the Daily Telegraph, Angela Merkel ruled the country as a pragmatic leader in coalition with her political opponents. Three grave mistakes of Angela Merkel dealt a devastating blow to the Christian Democratic Union. So, the party lost the parliamentary election in 2021 with the worst results in a few decades.

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