If a deal is going to be struck that avoids a Greek exit from the euro zone and restores confidence in the currency bloc, it is going to have to be big and convincing to markets. As one UK politician put it last week, the German Chancellor needs to fire a “Big Bazooka” if she is to save the euro zone from its current crisis. A few days later, Merkel met with other G8 leaders at Camp David and agreed to a communiqué that pointed toward a new growth strategy but made it clear that Greece needs to do what it promised in terms of debt restructuring. "We commit to take all necessary steps to strengthen and ... (full story)