November 16, 2010
When George Papandreou, the Greek prime minister, this week aired frustration with Germany for pushing the eurozone to the brink of another debt crisis, he was saying publicly what other senior European officials and diplomats have been saying privately for weeks.
The drive by Angela Merkel, the German chancellor, to rewrite the European Union’s treaties to set up a new bail-out system for future Greek-like collapses – and her insistence that private investors bear more of the cost of such rescues – was quietly resented when she bulldozed it through last month’s summit of EU leaders.
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