Can Merkel square Germany's circular logic?

As Angela Merkel struggles to persuade Germany of the benefits of keeping Greece in the eurozone, falling business confidence at home will make the task increasingly painful.

In spite of rising opposition from the German public, Angela Merkel’s determination to save the euro, and Greece with it, is unwavering. Foolhardy task or not, the German Chancellor is no quitter. And it looks like she won’t let anyone else be one either. But in the quest to save Greece from itself, Merkel, Hollande et al are risking the very future of the single currency, and are condemning the bloc to more countless years of hardship.

The latest show of solidarity came at the weekend, with Merkel, Hollande and Samaras banding together to proclaim the lasting future of the euro (Greece included). The pride of the European political elite is at stake after all.

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