Germany Will Lead!

But only from behind. It’s another one of those German schizoid personality disorder things.

When history dictates humility, and modesty proves so profitable, reticence endures.

Germans tell the pollsters they fear for their money—and then add that they like both Europe and the euro. They sense that it is cheaper to throw up firewalls than to pay for the devastation of the blaze. They bridle at rewarding the vices of the “Club Med” countries. But their real horror is to be left alone in Europe once more.

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