German Chancellor Angela Merkel keeps on her desk a framed portrait of Catherine the Great, who came out of East Germany to rule and enlarge the vast Czarist Empire. Mrs. Merkel likewise emerged from East Germany and, having been until now cautious on the international stage, preferring quiet diplomacy to grand gestures, she has generally been underrated. This is why her recent stance on Greece has shocked many and caused the more perceptive to re-evaluate her standing. Speaking to the German Bundestag that existing EU rules are not strong enough to deal with the existing crisis, sh...
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