A reading of the German press suggests Chancellor Angela Merkelis at peace with the idea of Greece quitting the euro. Der Spiegelsays her government views that as a manageable outcome; Bildreports that officials are preparing for the prospect. LawmakerMichael Fuchs says Greece is no longer a threat to financialstability.

All that is mostly posturing for an electorate tired of the aidand angst Greece has demanded since 2010. In fact, Germany has nointerest in risking the dissolution of the single currency that aGreek exit could entail.

That's because the status quo is a boon for Germany economicallyand politically. Indeed, the biggest European economy benefits morethan most of its fellow euro members from the single currency.While a Greek departure alone may not end the euro, the risk wouldbe of contagion through the bloc's financial markets that forcedothers out.