TIME Magazine has named Angela Merkel Person of the Year 2015. To mark the occasion, we revisit the 2014 Lowy Lecture she gave in Sydney just over a year ago, a speech described soon after by The Guardian (UK) as a 'major shift in European geo-politics.' A sharp choice of words marked a departure for the normally cautious German Chancellor. 'Who would have thought it possible that 25 years after the fall of the Berlin Wall . . . something like this could happen in the middle of Europe?' she said, adding Mr Putin’s escapades in Ukraine called 'the whole of the European peaceful order into question'.