n.05_September_October.2009.Englisch._

A well-respected

leilder:butIs

Germany'sfirst

IildyiIrefonner?

'6IItt1!1

NachJahrzehntenderVerbannunghatBPwiedereinenFußimIrak.

EineEntscheidung,diebeidenSeitennutzt?

S

hl'isthefirstEemaleleaderoEGermanyandthe

firstsincethewartohai!hornthecast.Shchas

hadthejobfOTthree-and-a-halfycarsaudlookslikely

tokeepitafterthefederalelectioninSeptember....

Whaisshe31ldwlteremighrshetakehercountey?

MrsMerkcl'scharacrerisbestsummedupbywhat

sheisnot.UnlikeorherEuropeanleaders,sheisneicher

cbarismaric,norflashilyinrcllecrual.nordQmineeriD~.

Yt.'tnobodycoulddm!thatsheisa highlyeffective

polirici:m.Sbehasswarredasideallchallengersinside

herChrisrianDemocrarieUnion(CDU),despitecoming

fromoutsidetheparry'stradirionalbase....Shewonku-

.d.Qs.forherpresidenciesoErhcEuropeanUnionaodthc

GScluboEriehcoumriesin2007.Wereshetoexpress

interesrinthejoboEEUpre~idcntthatwillbecrcawd

FinancialTImes

Back to the future

A

lmostfoutdecadesafterbeingexpelled,aspanof
theconsortiumthatownedthetraqPetroleum
Company,BPisbackinIraq....
BP,alongwithCNPCofChina,onTuesdaywonthc
.bi..dcohelplraqdevelopthcRumailafieldinthesouth.
Orhercompaniesweredisappointed,asBaghdaddrove
a hardbarg;lin.These;lreoiI-servicescontracts,earning
a smallfu:.(inthiscase$2a barrel)forhelpinrcstQr-
im::.QillI!illtoa hij;lbjshplateau....
Thematcbhasa compelljnglogic- andnotjustin
lraq.Theoilmajors havecashand technology bur
dwiodlin::reservcs;natioDaloilcompanicshavereserves
jnabundancebutmauylackrheexpertiseaudcapiral
tO~themproperly.Panucrship,withtbemajors

24 BusinessSpotfigtn

if theEU'sLlsbontreat}'isratificdthisaurumn,it would

be\:iyenCOher 00 a plate.

Aboveall,MrsMerke!hasstayedpapular- more

consisrenrlysothananychancellorsinceKonradAdc-

nauer.Andshehasaccomplisbedthisintheteerhof

Germany'swarstrcn."'Ssionsincethcwar.

Burisshea reformer?...Sheseernsintellecruallyto

accepttheg.z:forgrcaterlibemlisation,smallergovern-

menrandfreermarkets.Burshehasshrunkfrommore

subsrantialreform....

MrsMerkclwill~odownin hjsIorvasGermany's

firstfemaleleader- DOmeanfeat.Butif sbewantsto

measureuptoAdcnauerorHelmmKohl,sbemustpcr-

suadeGermansofthecaseforchange.Andforthatshc

needstobeFarbolder.

Blackgold:BPI.backinbusinessInIraq,

butk1calcltlzensmustseebeneflts

actingmoreas illL:

servicescompanit"'S,

isa win-winmodel

• ifieisseentobc
  legitimate.
  Irilqisproh[cmaticbecauscofthewar,rowsovcrthe
  legalstatusofnilcoorractsthc Kurdish<lutouomOllS
  government has signed and Baghdad's provocative
  jllyjratiQuufhidsonthedisputcdKirkukAelds....
  TransparencyisriIal.So,toO,isa legalconsensusand
  fairregionalsharesofresources.Burexpcriencessuch
  a5theNigerDelta'sshowtheneedforlocalcirizens[0
  seebenefitsfromtheirnationalresourccs:school5,c1in-
  ics,roads.Thariswhatearnslegitirnacy.

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