(Der Spiegel International, June 16, 2012)
Already many economists and politicians outside the country are calling on Berlin to do more to solve the debt crisis. The perception that Germany is benefiting financially from the crisis while imposing strict austerity measures on countries in southern Europe is unlikely to win many friends for Chancellor Angela Merkel, who is already highly unpopular in countries such as Greece.
I am not an economics professor. But the EURO crisis is real. And so is the German approach to solving it. Like Merkel or not (and no wonder Greece doesn’t) she’s stepping up to the plate. Again. And if she manages to find a way that Germany won’t be paying the price yet again for a louse European economy, then she should absolutely make use of it.