How Angela Merkel allowed the Greek crisis to turn into a debacle for Europe
With Greek voters declaring "enough" to the harsh austerity measures that have kept their country in a deep recession for years, the possibility of Greece's exit from the eurozone is more likely than ever — an outcome that would shake the great European project of integration that has dominated the post-communist era. In a long article that is, all things considered, very sympathetic to the German position, Der Spiegel shows how Chancellor Angela Merkel, the most powerful official in Europe, allowed the crisis to metastasize into a debacle for the continent.
The main criticism is that Merkel allowed the situation to drift, failing to take a strong stance that would either allow Greece to leave the euro with minimal damage or soften the so-called troika's terms to keep Greece in the currency union:
Read the whole article at Der Spiegel.
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Ryu Spaeth is deputy editor at TheWeek.com. Follow him on Twitter.
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