Merkel's U-turn on Greece reveals Germany's real motivation

German power politics kept Greece in the eurozone -- and now German power politics may kick Greece out.

In my last column of 2014, I wrote that European leaders usually pick the least appealing policy option and still manage to make it worse (A Greek olive branch for Steve Keen, 18 December). Maybe that was a premature assessment. It now looks as if they are about to take a good option and turn it into a disaster regardless.

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