Tue Nov 29th, 2011 at 05:55:58 AM EST
I've come to hate this discussion:
It is fashionable for pundits outside Germany to lambast its government, the Bundesbank and the European Central Bank for being inflexible or stupid or both.
They're not stupid. They're not (unusually) evil. They're not even especially malicious.
They're religious: respectably deluded.