Point maker Merkel's stance on a Greek bailout is sound
It's been a standard theme of commentary of late to say that Angela Merkel, Germany's Chancellor, could be the leader of Europe but doesn't want the job. When Merkel took on much of the E.U., above all French President Nicolas Sarkozy, with her lonely, stubborn and ultimately victorious campaign against a Greek bailout, she became "Madame Non " in France, and Public Enemy No. 1 in Greece. At home, Joschka Fischer, the Foreign Minister of the government she ousted in 2005, gave her an F for an "extraordinary foreign policy disaster." Germany, he surmised, was no longer the "motor" of European...
