Friday, December 7, 2012

Germany and the euro crisis: Slow, but popular

TWO duelling German metaphors capture the strategy of Angela Merkel, Germany’s chancellor, in the euro crisis. The pejorative version is that she is using “salami tactics”, cutting off the thinnest possible slice of any rescue sausage being negotiated so as to make it more digestible for the German public. She has just done it again by belatedly accepting the latest support package for Greece and manoeuvring it through Germany’s parliament.


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The Economist