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Quadriga - Greece Bankrupt - Failure for Merkel?

July 9, 2015

The German Chancellor is sticking to her tough line: she wants Athens to implement reforms, and rejects the idea of debt cancellation - despite the fact that Greece is bankrupt. But many say Angela Merkel's policy of insisting on cuts in public spending has failed.

https://p.dw.com/p/1Fw0u

Greece's Prime Minister Alexis Tsipras claims his negotiating position in Brussels has been strengthened by the result of the referendum on reform. The EU has been split into two camps: for and against Grexit - Greece's departure from the Euro.

Deutschland Serbien Angela Merkel zu Besuch in Belgrad
Image: Reuters/M. Djurica
Belgien Alexis Tsipras in Brüssel
Image: picture-alliance/dpa/L. Dubrule

Merkel - along with the other European leaders - continues her search for a solution. But can she find one? Or has the Austerity Chancellor already failed?

Have your say: quadriga(at)dw.com

Quadriga 02.07.15 Faye Karaviti

Faye Karaviti - is the Berlin Correspondent for the Athens News Agency, Real News Media Group and Greece’s Alpha TV. She says:
"Greece, Europe and Angela Merkel at their well-deserved make or break point."


14.05.2015 Quadriga Weidenfeld, Ursula.jpg

Ursula Weidenfeld - is one of Germany's best-known economics journalists; she has served in senior editorial positions for many leading business publications. She says: "If a Grexit happens, the Chancellor's failure is the least problem. The biggest one is saving Greece from utter failure."

14.05.2015 Quadriga Posener, Alan

Alan Posener - German-British author and commentator for the daily newspaper DIE WELT. He says: "By bailing out Greece's creditors Merkel has made a Greek problem a European crisis. Failure is too good a word for that."