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Germany and the sovereign debt crisis: How Angela Merkel’s initial reluctance towards Greece turned into her support
After 16 years as German Chancellor, Angela Merkel will not stand again in the German federal elections. This means that not only Germany but also the EU is losing one of its most experienced politicians. From the sovereign debt crisis to the migration crisis and the current impact of the COVID-19 pandemic, Merkel has most of the time managed to maintain her reputation as a crisis manager. Some 10 years after her “first” crisis, the sovereign debt crisis in the EU, it is time to look at her decisions and especially the handling of Greece: Why did the German government initially resist financial support for Greece but eventually (and reluctantly) agreed to it?
