Economics

Merkel, Seeking Secret Files in 2005, Found Berlusconi's Watches

  • Chancellor shares stage with predecessor at book event
  • Credits Schroeder with helping spur Germany's economy

Angela Merkel, Germany's chancellor, looks at her wristwatch during a news conference at the Chancellery in Berlin, Germany, on Monday, Sept. 7, 2015.

Photographer: Krisztian Bocsi/Bloomberg
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Angela Merkel wanted the secret files when she took office and got a stash of Silvio Berlusconi’s watches instead.

So said Gerhard Schroeder, her predecessor as chancellor, as he and Merkel shared the stage at a book launch and traded memories of the day in November 2005 when she took office in Berlin. While Merkel credited Schroeder’s labor-market overhaul with spurring Europe’s biggest economy, the former chancellor recalled a lighter moment.