September 11, 2012

Merkel's U-Turn on Greece

Hammerstein, Der Spiegel

AP Photo

Angela Merkel has made a surprising U-turn in her policy on Greece. The German chancellor now wants to stop Athens from leaving the euro zone at all costs -- even if it means massaging the figures in the upcoming troika report. For the German leader, it is essential to avoid the consequences of a Grexit before national elections next year.

Read Full Article ››

TAGGED: Eurozone, Greece, Germany, Angela Merkel, Europe

RECOMMENDED ARTICLES

September 7, 2012
Greece Better Off Exiting the Euro
Costas Lapavitsas, The Guardian
The strain on a country whose rulers are desperate to avoid a euro exit will lead it to poverty and disfunctionality. more ››
September 8, 2012
Greece Could Spark a Financial Crisis
Milton Ezrati, National Interest
If Europe, already in recession, wants to avoid a fate similar to that of the United States, then it must convince investors and banks that the euro is not in such jeopardy. Finding a way to keep Greece in the currency union is... more ››
September 4, 2012
Greece's Golden Dawn Thugs
Yiannis Baboulias, The Guardian
The Greek far-right party Golden Dawn has been flirting with an "outlaw" rhetoric lately. Appealing to a disgruntled electorate, its MPs constantly try to point out that the Golden Dawn is unlike any other political party in... more ››
September 4, 2012
Merkel Takes a Page from Bill Clinton
Noah Barkin, Irish Independent
Bill Clinton may have been the first to use a strategy of "triangulation" to win an election, co-opting policies of his Republican rivals to win a second term as president in 1996. But it is Germany's Angela Merkel who seems to... more ››
September 10, 2012
Merkel's Moment
Heather Conley, Center for Strategic and Int'l Studies
How would you like to go down in history as the person who "lost Europe," "lost Germany," or simultaneously lost both? This is the question that Chancellor Angela Merkel of Germany may face sooner rather than later. The European... more ››