Perhaps, but my reading is it’s another example of Germany’s emerging, at long last, as a major diplomatic force. The Greek voters revived the euro crisis by rebelling against the austerity which they blame on Germany’s bankrolling of their bailouts and enforcing those terms. The German Finance Minister and Chancellor Merkel led the EU to agree to extend the bail-out, but only after Greece dropped almost all its demands, an accomplishment that finessed the euro and the EU through yet another difficult event.

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Eudaimonia