Eurozone Success is Up to Germany
Ben Chu, The Independent | September 2, 2011
Germany faces a choice in the eurozone crisis: allow the creation of a full-blown debt union, or let the euro fail. ++ Berlin has benefitted hugely from the currency union, with the economic surge of the last decade attributable largely to exports to other eurozone countries. But there is also much skepticism about the “morality” of bailing out Southern European countries. ++ The “idea of European unity” depends on the euro remaining intact. It is the task of Chancellor Merkel to lead and inform Germany of the critical choice it must now make.
