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Germany must decide if it wants the eurozone to survive or perish
Europe's leaders don't know how to solve this crisis because they don't know what they want. Should attempts be made to hold the eurozone together, with Greece staying in? Or should the threat to expel Athens be followed through, at the risk of causing further defections, with monetary union being reduced to a Franco-German rump? This is an enormous question, which only Germany can answer. Until an answer is forthcoming, chaos will continue to ensue. Amid fears the eurozone's debt fiasco will drag the global economy into a new recession, the US and UK are exerting huge pressure on the German Chancellor, Angela ... (full story)
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