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While the world was looking towards Paris, there was another election that was taking place on Germany’s coast. Germany’s Social Democrats lose control of a pivotal state, at the worst possible time.

While Europe holds its breath and follows the negotiations between Greece and its partners on the financial assistance, another ´piece in the puzzle` of the European attempts to contain the sovereign debt crisis has prominently featured in the press recently. The Court of Justice (CJEU) delivered...