“Where there’s a will, there’s a way.” German Chancellor Angela Merkel used this phrase again on Wednesday before she met with the Greek Prime Minister Alexis Tsipras.
The saying puts the situation remarkably clearly. She wants to bail out Greece at all costs, no matter how difficult Mr. Tsipras makes her life with his riotous diplomacy.
Ms. Merkel’s statement on Wednesday was an unusual commitment for the Chancellor, who likes to keep all her options open until the last possible moment. So why did she make this statement?
There are two possible interpretations. First, Ms. Merkel has made a decision. Even though many economists and the German finance minister, Wolfgang Schäuble, keep stressing that a Greek bankruptcy and its exit from the euro zone won’t lead to chaos, she is not willing to risk finding out whether the experts are right.