Germany’s position seems exceptionally comfortable right now.
The economy is growing more vigorously than any other large economy in the euro zone. The government’s budget is in the black, the labor market is humming along, and there are decent increases in wages and salaries.
Germany’s consumers are satisfied with their economic situation and hence with the policies of the federal government. Actually, Chancellor Angela Merkel and her team could give up governing altogether. Just a few new acts of beneficence shortly before the next election and her re-election would be assured.