Latest Issue

Angela Merkel with Greek prime minister Antonis Samaras

12th September 2012, 10am in Germany. Bond traders in London and Frankfurt are staring at their screens. Once again, the fate of the eurozone seems to be hanging in the balance.

In the sleepy west German town of Karlsruhe, eight red-robed judges take a seat in front of pale wood panelling. One of them studiously reads from a prepared sheet: “In the name of the people…” he begins, before explaining something about article eight, paragraph five, clause one. German newspapers and broadcasters stand…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to

More From Prospect