EU economy: It's Angela Merkel's euro-party, and she'll cry if she wants to

As EU finance ministers agreed and approved the last details of the €440 billion mutual defence fund whose creation they agreed in principle last month. This will see the 16 countries that share the euro offfer loan guarantees to a huge "Special Purpose Vehicle", designed to rescue any member of their club that comes under market attack. As the largest economy in the eurozone and the EU, Germany will pay the largest share of the bill for this mutual defence mechanism, and you might think Germany would have an interest in letting the SPV rule the headlines for one day, to highlight the political will of big EU governments to keep the euro from harm.

For more: The euro crisis: It's Angela Merkel's euro-party, and she'll cry if she wants to | The Economist