Tag Archives: Greek Crisis : Merkel’s ‘Unexpected U-turn – Spiegel

John Ward – Greek Crisis : Merkel’s ‘Unexpected U-turn – Spiegel – 10 September 2012

The German Chancellor has decided to do the only thing she was ever going to do.

It will come as no surprise to committed Sloggers that Spiegel today carries a story saying that Angela Merkel will not be allowing Greece to exit the eurozone.

On May 28th this year, I posted this:

‘Finally – and this is the last time I’ll say it – Greece isn’t going to leave the eurozone: Draghi won’t let them, the Greeks themselves are wrongly terrified by the idea, and anyway a more pro-bailout Party line-up will emerge after the June 17th elections. Somehow in some way, there will be a compromise at the end of  a long stand-off.’ Continue reading