2013年4月25日 星期四

Inside Merkel's Bet on Euro's Future

Article Excerpt

BY MARCUS WALKER
Angela Merkel listened in Vatican City as Pope Francis, in his inaugural Mass last month, called on the powerful to care for the weak.
A few hours later, in her limousine to the airport, the German chancellor took a phone call from the desperate president of Cyprus, Nicos Anastasiades. “I need more solidarity,” he pleaded, according to officials familiar with the March 19 conversation. His parliament was about to reject a euro-zone bailout deal. His tiny country faced ruin.
“I won’t negotiate with you,” Ms. Merkel replied. “You need to talk to the troika”—the International Monetary Fund, European Commission and …
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