Angela Merkel’s domestic imperative
The Cyprus situation has demonstrated that until the elections in the autumn, Angela Merkel’s primary focus is on a domestic audience. She clearly wanted to show that Germany is now prepared to take a far tougher line. As Open Europe notes the need for this is fast becoming the consensus view in Germany. So, the question now for the Eurozone is will we see any more crunch moments this side of the German election? If we do, then I think we could see the end of the Euro. The Cypriot parliament’s rejection of the initial bailout deal, at the insistence of the voters, shows that there is a limit to
