Germany and Greece Divide Widens in Euro Crisis
Friday, June 22, 2012
Greece now has a coalition government and a new prime minister. Antonis Samaras's task is to get his country's economy restarted, with help from other members of the European Union.
One nation, more than any other in the euro zone, is making that task a very, very difficult one. Germany continues to hold a hard line on giving economic assistance to other euro nations with large debts. France used to be in Germany's corner on this issue, but that changed with the election of Francoise Hollande.
So why does Germany continue to dig in its heels? New York Times business columnist James B. Stewart has found a few reasons, and he says that, from Germany's point of view, they're very good ones.