On 10 July, the FRANKFURTER ALLGEMEINE ZEITUNG carried one of the best articles on the crisis in Greece I have read, a piece by Richard Fraunberger titled "At a Crossroads." It articulates certain ideas that are as provocative as they are worth pondering:

Angela Merkel and the other EU policymakers were in for a big surprise or indeed in for a shock that last Friday in June. Sigmar Gabriel said he was "appalled" by the behaviour of Tsipras. No one had expected anything like it, the media said unanimously. But the amazement only reflects the colossal prior error in judging the Greek Government.