A Game of Euro Chicken Playing Until the Germans Lose Their Nerve

For Germany, being part of the European Union has always included an element of blackmail. France has been playing this card from the beginning, but now the Spanish and the Greeks have mastered the game. They're banking on Berlin losing its nerve.
In the ongoing game of euro chicken, will the Germans balk? Or lay more golden eggs?

In the ongoing game of euro chicken, will the Germans balk? Or lay more golden eggs?

Foto: REUTERS
Jan Fleischhauer is the author of "Der Schwarze Kanal," or "The Black Channel," SPIEGEL ONLINE's weekly conservative political column. Black is a reference to the political color of Chancellor Angela Merkel's political party, the center-right Christian Democratic Union.