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Why didn't Angela Merkel let Greece go bankrupt in April 2010?

Best Answers

28 April 2010: All eyes are Berlin. EU and IMF officials hold crunch talks with German leaders. Rumours of a €120bn package calm the markets, as Angela Merkel admits that admitting Greece into the euro may have been a mistake. read more

" But the answers also fit quite well to this question, keep in mind that french banks were more involved in Greece than german banks at this time. read more

Angela's Ashes How Merkel Failed Greece and Europe. Angela Merkel relishes her reputation as queen of Europe. But she hasn't learned how to use her power, instead allowing a bad situation to heat up to the boiling point. Her inability to take unpopular stances badly exacerbated the Greek crisis. read more