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Grexit


Germany is facing intense criticism for its handling of the Greek crisis. However, few remember the obstacles the Merkel government had to overcome to reach an agreement with Athens and keep the eurozone together.


The advice coming across the Atlantic illustrates one thing clearly: Washington does not understand the purpose of the European Union and its common currency.


Athen’s and Moscow’s tactical coupling of the Greece crisis and the Russia-Ukraine conflict is upping the ante for the EU. Geopolitical thinking, once passé in Germany, is experiencing a comeback.