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The Continentalist: Germany’s Euro Counterattack

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Nobody can predict how the coming week will unfold in the aftermath of Greece’s parliamentary elections. Nervousness in politics and markets has been increasing, and a Greek exit from the euro can no longer be excluded as a last resort. One thing is certain, however: Germany — the biggest contributor to the European Union’s rescue umbrella (the European Stability Mechanism) and thus the Greek debt — is losing patience. Germany is increasingly turning a deaf ear to calls that it do more, more quickly, to save the euro. This is especially the case for calls coming from London and Washington, […]

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