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After the Greek referendum: What will Merkel do?

After the Greek referendum: What will Merkel do?

German Chancellor Angela Merkel has long said she wants to see Greece remain in the Eurozone, but “not at any price.” And the Sunday vote by Greeks to reject their creditors' formula for repayment of $270 billion in bailout loans sent that price skyrocketing in both political and economic terms. Merkel flew to Paris on Monday to consult with French President Francois Hollande on a new approach to Greece’s debt crisis a day after Greek voters rejected her signature strategy for getting Athens’ finances in order. As leader of the Eurozone's largest and most influential country, Merkel has been the key architect of Eurozone bailouts that have forced tough...

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