I remember writing about this for Heard on the Street and @nixonsimon.bsky.social at @wsj.com. One of the few times we argued for a deal to happen even though the financial value was dubious. Big error by Merkel.
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Noah Barkin
Remember Merkel singlehandedly killed a merger of Airbus (then EADS) and BAE Systems in 2012 out of a personal distaste for defense firms. Another part of her legacy along with dependence on Russia & China, Energiewende, end of conscription/military rundown, Schuldenbremse, no reform/investment
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