Germans See No Reason to Change

What’s so special about Germany, anyway? Throughout the euro crisis, Merkel and her colleagues have been at pains to remind the rest of the world that Germany is a eurozone country like any other. It is subject to the same rules as the rest of Europe and faces many of the same challenges. Germans are neither comfortable with being Europe’s hegemon (a "foreign concept", according to Merkel), nor do they have the means to fulfil that role. Germany is, as the Chancellor recently stated, "not the richest country", and they do not think the 'periphery' is so poor as to be incapable of self-help. Through German eyes, their relative economic position today results from shrewd choices they made before the crisis. The 'periphery' must now follow suit.