Germany's Leading Role in Weakening the Euro
By Christian Reiermann and Klaus Wiegrefe
In moments of triumph, modesty is the largest casualty. It was March 21, 2005, a day that German Chancellor Gerhard Schroder, a member of the center-left Social Democrats (SPD), felt was "a good day for Germany, a good day for Europe and a good day for economic development." After a more than two-year struggle with an intransigent European Commission, reluctant partner countries and a rebellious finance minister, Schroder finally got what he wanted:
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