Monetary Union (EMU), focusing on the German intellectual and historical traditions behind the euro policy regime and its … the euro's guardian of stability, and ultimately the euro itself. Essentially, the national success of the Bundesbank … general perception in Germany today is that the euro crisis has confirmed the soundness of the key “stability …

, this paper analyzes how the resulting euro contradiction conditioned the ongoing euro crisis as well as current strategies … to resolve it. While Germany generally prevailed in hammering out the design of the euro policy regime, the German … misunderstanding has made Germany the main culprit in the euro crisis, but it has yet to face the full consequences of its actions …