Germany’s New Power of the Purse
In recent years, Germany has emerged as a new kind of great power, not just in Europe, but on the world stage. By leveraging its economic power, using EU institutions and budgets as a force multiplier, and building international coalitions, it has significantly expanded its international influence.
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BERLIN – Last week, German Foreign Minister Sigmar Gabriel interrupted his holiday on the North Sea to respond to Turkey’s jailing of a German human-rights activist. Gabriel warned German tourists about the dangers of visiting Turkey, and advised German firms to think twice before investing in a country where the authorities’ commitment to the rule of law is increasingly dubious.