Merkel Stuck in the Euro Firewall Trap

Credit:  Spiegel-Germany

German Chancellor Angela Merkel has a difficult choice ahead of her.Zoom

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German Chancellor Angela Merkel has a difficult choice ahead of her.

Merkel is damned if she does — but Europe could be damned if she doesn’t. Pressure is growing on the German chancellor to drop her government’s opposition to significantly increasing the size of the permanent euro backstop fund. But such a move would carry significant political risks for Merkel at home.

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Categories: Europe, Germany

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