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"Massive Collapse" For Angela Merkel Following Today's Hamburg Election As Germans "Just Say No" To More European Bail Outs

By Implode-Explode Heavy Industries

``As the results of the first of seven German regional elections hits the wire, the German people are heard loud and clear: "no more bail outs." The outcome of the Hamburg election is nothing short of a disaster for Angela Merkel and her ruling (for now) CDU party. Bloomberg reports that "Chancellor Angela Merkel?s party lost control of Hamburg, Germany?s richest state, in the first of seven state votes this year that threaten to limit her scope to respond to Europe?s debt crisis, television projections show." ''

Full post as published by Mortgage Lender Implode-o-Meter on February 20, 2011 (boomark / email).