Europe’s crisis has entered a quiet phase, coinciding with the run-up to Germany's election in 2013. But the crisis will be back, raising the question of whether the EU can survive without the single currency.
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BERKELEY – Europe’s crisis has entered a quiet phase, which is no accident. The current period of relative calm coincides with the approach of Germany’s federal election in 2013, in which the incumbent chancellor, Angela Merkel, will be running as the woman who saved the euro.