Germany, Europe’s largest economy once hailed as the continent’s unshakable economic titan, is stumbling through a period of political turmoil and economic stagnation that feels more like a midlife crisis than a bad quarter. Meanwhile, Greece, the former poster child for fiscal irresponsibility, is strutting onto the global stage with newfound confidence. Greece was Europe’s punching bag not long ago, a “sick man” wheezing under the weight of debt, painful recessions and high unemployment. At the time, Germany provided much-needed fiscal support, but not without a good deal of finger-wagging on proper economic policy. Today, Greece is one of the region’s fastest-growing economies and its Germany that may need to change its playbook.

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