Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Preparing to bow out, Merkel too busy to think about life after office

Published 07/22/2021, 09:32 AM
Updated 07/22/2021, 09:36 AM
© Reuters. German Chancellor Angela Merkel holds her annual summer news conference in Berlin, Germany, July 22, 2021. REUTERS/Hannibal Hanschke/Pool

By Madeline Chambers

BERLIN (Reuters) - Germany's Angela Merkel made clear on Thursday she would keep working on issues such as climate change till her last day as chancellor but, inscrutable as ever, gave little away about her plans once she leaves office after a September 26 election.

Merkel has led Germany for 16 years, steering Europe's biggest economy through a global financial crisis, the euro zone debt crisis, a migrant crisis and the coronavirus pandemic, but she is not running for a fifth term.

"Every week has challenges. Look at the events we face - rising coronavirus cases, terrible floods. You can't say there aren't issues to be sorted out," Merkel said at her final annual summer news conference, which yielded little hard news.

"There are demands made of me while I am in office and I will continue in that way until my last day," said the conservative chancellor, known for her sober approach.

The 67-year old trained physicist who grew up in Communist East Germany said she had not reflected much on what she would do when she steps down.

"There is little time and space to think about the time after," she said when asked about her plans.

In the last few weeks, she has undertaken something of a farewell tour, paying visits to the United States and Britain.

CLIMATE CHANGE

However, in a self-assured appearance in which she smiled and made a few ironic comments, Merkel hinted she may still have a role to play in the European Union's climate protection plans, entitled "Fit for 55".

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Saying tough negotiations on this could start while a new German government was being formed, she said: "We want to make sure we have a good handover," adding she might make a start.

Dubbed the "climate chancellor" in 2007 for championing the issue with Group of Eight leaders and for pushing through a switch to renewable energy in Germany, Merkel acknowledged the pace of change had been too slow.

"I think I have spent a great deal of energy on climate protection," Merkel said.

"Still, I am sufficiently equipped with a scientific mind to see that the objective circumstances show we cannot continue at this pace, but that we must move faster."

As Germany's first female chancellor, Merkel has been at pains not to cast herself as a strong feminist. Asked about the characteristics of women in politics, she struck a typically self-deprecating note.

"There tends to be a longing among women for efficiency," she said, adding that there were also exceptions. She said other women had done more for equality than she had, but that she had achieved something.

Merkel, a Lutheran woman in a male-dominated, traditionally Catholic party, was caught off guard when asked where she would be on election night, and stumbled in saying she hadn't thought about it but would be in touch with her party.

She betrayed no emotion about her impending departure, merely noting: "You usually only notice what you miss once you no longer have it."

Latest comments

Worst thing to ever happen to germany. Hopefully she drops dead
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.