Couples Retreat

French President Nicolas Sarkozy and German Chancellor Angela Merkel have long had a testy relationship, but at the EU Summit they’ll need to patch things up quickly to save the union — and possibly their own governments.

BY MIRA KAMDAR.

There are many reasons why marriages fail, but often the culprit is disagreement over money. Apparently, countries joined in long-term political unions behave no differently than spouses. Such is certainly the case for France and Germany, whose partnership forms the backbone of that ever-expanding, increasingly motley family known as the European Union. But the family has now fallen on hard times — cousins have loans coming due they are hard-pressed to make good on, Spain, Ireland, Italy, and Portugal among them. If a widening sovereign debt crisis, a common currency in free fall, and austerity plans weren’t enough bad news for Europe, it appears that the already rocky relations between French President Nicolas Sarkozy and German Chancellor Angela Merkel have reached a new low… Read more>>

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