There are few rational explanations for this. (Hat tip: Will Baird.) The story at the link is that President Martinelli of Panama told Chancellor Merkel that he would like to have the euro circulate alongside the dollar in Panama as legal tender. Seriously, he wants to be only country in the world with two currencies in legal circulation.
The proposal makes no economic sense. (As in, why would you want to force everyone in Panama to post prices in two currencies and start accepting euros as tax payments?)
But it was a very nice thing to say to Ms. Merkel. The video is below: Martinelli makes his proposal around 3:30 ... twenty seconds later, the Chancellor nods sagely. He goes on to say he has “complete faith in the euro.” I suspect that he was just trying to reinforce that point. Either that, or as Carlos Yu suggested, he is seriously pissed off about the Yankees.