Fear May Save Euro, But Not Europe

Angela Merkel came to Davos on Wednesday and, in a speech as solidly built as a Mercedes, once again assured the world’s business leaders that the euro will be saved. But this time, there’s a difference: More of them seem to believe it. That immediately raises two further questions: Even if the euro zone is saved, where is the strategy for growth? And where would this saving of the euro leave the larger politics of Europe?