Skip to content
Subscriber Only
The Editors

Merkel’s Next Step: Shock and Awe

Ahead of meetings of European Union leaders in the coming week, investors are looking for any sign of movement toward a bolder policy on the economic crisis. Expectations are inching higher -- which is good, because Europe’s leaders need pushing, and they know it would be risky to disappoint the markets again.

This time, though, doing the minimum is not good enough. For once, Europe needs to exceed expectations.