Greek referendum ruins bailout plans

http://nma.tv In the run-up to the European Debt crisis, Greece racked up plenty of debt as a member of the Euro. When it became clear that Greece was in big trouble, other Euro countries had to help or risk contagion. Angela Merkel of Germany forced bondholders to take a 50% haircut while Sarkozy of France went to China for some relief. Merkel was praised for her leadership in cobbling toge ...