Merkel Reaches Her Overdraft Limit Greek Bailout Could Push German Debt Through the Roof

When Chancellor Angela Merkel's current government came into power, Germany was just emerging from the economic crisis. But despite pledges to curb deficit spending, Merkel's administration has been running up debt at a record pace -- and bailing out Greece will only exacerbate the situation.
In a fix: The deficit spending package recently approved by Chancellor Angela Merkel's government was the largest in the country's postwar history.

In a fix: The deficit spending package recently approved by Chancellor Angela Merkel's government was the largest in the country's postwar history.

Foto: INA FASSBENDER/ REUTERS