Merkel’s actions over the EU fiscal pact have been likened to a game of chicken. They are more akin to tightrope walking while composing an opera. Lurking in the background is the threat that the markets will lose faith and tear the whole edifice down. Either way, this pact will not be the last word.
However big the political odds are, a rational-pragmatic input by the FDP could constructively impact the foreign policy discourse in Europe’s largest country
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