Germany feels misunderstood. It has come under increasing criticism since the extent of Greece’s budget deficit became clear earlier this year. Chancellor Merkel’s initial reluctance to bail out Greece, and subsequent insistence on tough rescue terms, made it seem that Germany was putting its interests before Europe’s.
In Berlin, however, you hear a different view: the Greeks broke the rules agreed when the euro was created, and changing those rules now will damage the currency in the long term. In many of the conversations I have had with German politicians and officials, a defensive tone quickly emerges. They suggest, without…
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.
Already a subscriber? Log in here