Germany at the US is currently playing the great de-escalator of the conflict between Russia and Ukraine.
But the real battle is actually behind doors between Mario Draghi that want a European Quantitative Easing (idea on which the market has all hopes after the end of the US QE in order to keep on rallying) and the Euroskeptical Alternative that point (with success) at the illegality of such an action (view supported also by the Bundesbank. Also the challenge (to the ECB powers) Â pursued in 2012 by the German Courts is now under review).
So a hard battle for Draghi and the markets