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One thing at least is clear from the Greek debt crisis—that Germany’s chancellor, Angela Merkel, calls the shots in the eurozone. But, in the process of getting her way, Europe’s new iron lady has managed to fall out both with the president of the European commission, José Manuel Barroso, and Herman Van Rompuy, the new president of the European council. Merkel resisted weeks of market pressure for a system to prevent a Greek default, relenting only after Barroso and Van Rompuy joined together with France’s Nicolas Sarkozy to strongarm her into helping.

Of the two institutions, the European commission…

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