The future of Europe, or the future of the Iron Chancellor?

IN what will be a defining moment for Europe, the German Chancellor Angela Merkel will today find out whether the lower house of the German parliament, the Bundestag, will green light the country’s €22.3 billion share of the €110bn bailout of Greece.

The future of Europe, or the future of the Iron Chancellor?

Her task was not made any easier yesterday with the forecast of a massive fiscal hole thanks to a drop in the country’s projected tax take and news that a group of retired university professors are getting ready to challenge the loan in the constitutional court.

The vote is, however, expected to go through, and be passed in the upper house, the Bundesrat, before being signed into law by President Horst Koehler.

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