Merkel in China
27 August 2012
At home, Merkel recently sent out a clear message to her critics that Germany must pay a price for eurozone leadership. She cautioned her colleagues against loose talk about a “Grexit” – Greece’s exit from the eurozone – and assured visiting Greek Prime Minister Antonis Samaras that Germany remained committed to his country’s membership of the eurozone.
Sanjaya Baru is Director for Geo-economics and Strategy, International Institute of Strategic Studies (IISS), and the author of The Strategic Consequences of India’s Economic Performance.