The German problem
To save the single currency, Angela Merkel must take on her own country’s economic establishment
EVEN by Europe's cacophonous standards, German policymakers sent mixed signals on the euro this week. At her party's conference on November 14th the chancellor, Angela Merkel, left no doubt about the gravity of the euro crisis (see Charlemagne). “If the euro fails, then Europe fails,” she said.
This article appeared in the Leaders section of the print edition under the headline “The German problem”
From the November 19th 2011 edition
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