Merkel’s Reign in Danger as Refugee Crisis Escalates

German Chancellor Angela Merkel, who’s usually seen as Europe’s indispensable leader, is in danger of losing that role.

Merkel has drawn strong criticism for her handling of the continent’s refugee crisis, particularly after the mass killings of 130 people in Paris. Those attacks came at a time when Germany, arguably Europe’s real center of political power in addition to being its biggest economy, was already seeing its image suffer in Europe and in the United States.

Merkel has been a vocal advocate of admitting refugees from the Middle East and elsewhere into Europe, and has pressured other European nations to do the same. But that influence appears to be slipping.

“It’s surprising how fast the pendulum has swung. With Merkel as the queen of Europe — and now, can she finish her term?” Marc Chandler, head of currency strategy at Brown Brothers Harriman, told CNBC shortly after the Nov. 13 attacks.

via CNBC

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza