Daily Archives: May 20, 2012

Gideon Rachman

Ecstasy and agony: UK PM David Cameron, US President Barack Obama, German Chancellor Angela Merkel, European Commission President José Manuel Barroso and French President François Hollande watching the European Champions League final between Chelsea and Bayern Munich. Photo PA

Angela Merkel has not had a good weekend. She was close to being isolated at the Group of Eight summit. Barack Obama, François Hollande and David Cameron all ratcheted up the pressure on Germany to go for “growth” in Europe. This the Germans suspect, with some reason, is code for pouring more German money into southern Europe, tolerating higher inflation and monkeying around with European Central Bank independence.

Then Bayern Munich lost, at home, to Chelsea in the final of the Champions League. German officials had campaigned for a big-screen television to be put up at the Camp David summit, so the chancellor could watch the game. In the event the Bavarians lost, after dominating the whole match – and Ms Merkel was photographed looking like she was sucking on a lemon, while next to her Mr Cameron punched the air, and Mr Obama grinned inanely. Read more