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Crisis Europe Refocuses on Rescue Yuri Cortez / Getty Images

Europe Refocuses on Rescue

Now that Greece is firmly remaining in the euro zone, leaders are back to struggling to find a solution to the continent’s economic woes. Germany believes the Greek elections supported the need for austerity. “The Greek government will and must naturally follow through on the commitments that were made. There can be no loosening of the reform steps,” German Chancellor Angela Merkel said. Others advocate a more moderate approach. There are also fears that the Greek election results have prevented a lasting solution. One analyst said, “The risk is that this benign outcome could inhibit a bolder solution at the upcoming E.U. summit.”

June 18, 2012 11:13 PM