Germany’s chancellor Angela Merkel: after five years of warning that “if the euro fails, Europe fails”, she knows that if Greece hits the wall, her European legacy will be part of the collateral damage. Photograph: Krisztian Bocsi/Bloomberg 0:56

Caught off-guard by news of the Greek referendum, Germany’s risk-averse chancellor Angela Merkel adopted an unusually high-risk strategy last week and(...)

The Green Party’s Juergen Trittin and Claudia Roth look out of a window during a break in preliminary coalition talks with the CDU party in Berlin on Tuesday. Photograph: Tobias Schwarz/Reuters

There was a whiff of Casablanca in Berlin yesterday as Germany’s Green Party left a coalition back door open to Angela Merkel and her Christian Democr(...)