September 26, 2011
When Angela Merkel, the German chancellor, met Pope Benedict in Berlin last week, it appears that their conversation focused more on Mammon than on God.
“We spoke about the financial markets and the fact that politicians should have the power to make policy for the people, and not be driven by the markets,” Ms Merkel said after the talks. “This is a very, very big task in today’s time of globalisation.”
That a meeting with the head of the Roman Catholic church should be devoted to the clash between politics and the financial markets shows how the question has become an intense concern for the chancellor in the midst of the eurozone crisis.
The woman who is at the heart of the struggle to calm the financial markets, and stabilise the common currency shared between 17 members of the European Union, is facing the most critical week of her chancellorship, just halfway into her second four-year term.
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