Wednesday 13 December 2017

Noah Barkin: Euro defeat for Merkel? Only time will tell

German Chancellor Angela Merkel
German Chancellor Angela Merkel

AT first glance, the big winners from Europe's latest euro-saving summit were the leaders of Italy, Spain and France.

By banding together in a powerful coalition to challenge Germany, the high-stakes meeting seemed to show, Mario Monti, Mariano Rajoy and Francois Hollande were able to wring major crisis-fighting concessions from a suddenly soft Angela Merkel.



But if the euro zone is still intact years from now, the marathon session in Brussels may be remembered as much for what the German leader extracted from her combative partners as for the bitter policies she was forced to swallow.

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