In Davos, is Spain the new Greece?

Press quote (The Wall Street Journal)
26 January 2011

For the first time, says Charles Grant of the Centre for European Reform in London, the EU has a single nation in the driving seat: Germany. Paris has taken a back seat following years of Franco-German leadership. Also, the European Commission, the EU's Brussels-based executive arm, has been weakened. That has imposed German thinking on the eurozone, Mr Grant says.