An op-ed on Germany’s hesitant reaction to the Euro Crisis at Foreign Policy.
A transformed Germany now threatens the stability of the euro, and indeed the future of the European Union itself. But the reason is not just that the new Germany has grown more selfish. If Germans were simply acting rationally, they would bail out the euro. The problem, rather, is that the leaders of the new Germany are so mired in an overreaction to the past that they have become blind to their own self-interest.