Obama Seeking Ally on Europe Finds Merkel a Tough Sell – Bloomberg 06-08-12

Salient to Investors:

Obama cannot afford a European financial meltdown.

In 2008, Merkel rejected Obama’s request to speak at Brandenburg Gate. Obama has courted Merkel since, but the European Centre for International Political Economy said Germany is tired sick of the complaining and lecturing from Obama and Geithner.

American Academy said helping Obama is not a Merkel priority because the divisions about solutions are too fundamental and public.

Predictions:

American Academy said Obama won’t get re-elected if Europe implodes.

Peterson Institute for International Economics said another negative shock from Europe is significantly more harmful for the U.S. than Germany

Read the full article at http://www.bloomberg.com/news/2012-06-07/obama-seeking-ally-on-euro-response-finds-merkel-a-tough-sell.html

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