Chancellor Angela Merkel was in the heart of the maelstrom. But she kept her head, and opened the doors to a million refugees and more. Among the conservatives in her party and in the country, she faced down opponents. And around her, through the year, the crises raged on. Germany was roiled by dieselgate. Its biggest bank sought a new leader, its utilities embraced radical new structures. Other countries fought troubles too, with Crimea annexed, terrorism in France and a military response. After a dramatic year, Handelsblatt Global Edition reviews the highs and lows.