German Chancellor Angela Merkel visits Canada this week as champion of an austerity policy stance that is failing Europe. Without a change in policy direction, a prolonged period of European economic stagnation is likely to continue. German-sponsored austerity policies shut the door to economic recovery in the Eurozone, but since they have the full support of her party as well as business figures and key opinion-makers, the Chancellor is unlikely to support a new approach.
The Chancellor is caught in the most restrictive of positions for a political leader. If she wanted to change direction, her supporters would become her opponents.