Eurozone Cohesion Put to the Test – Wall Street Journal

Last week, Berlin was unable to prevent the European Central Bank embarking on a major government bond-buying program that it had long opposed. Over the coming weeks, it must strike a deal with a new radical left-wing government in Greece that it will likely find even more unpalatable —or watch Greece leave the eurozone with potentially disastrous consequences for the whole currency bloc.

The ECB ignored Berlin partly because it…

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