Merkel's baby-steps will continue

The German people have propelled Angela Merkel back into power, but what does that mean for the rest of Europe? Megan Greene reports.

Angela Merkel: her softly-softly approach to the eurozone may need to become bolder. Photo: Getty

Major developments in the eurozone came to a halt when the German election campaign went full throttle, resulting in the quietest summer in Europe that investors have experienced since the crisis began in 2010.

The vote last Sunday brought some surprises, and the composition of the new coalition government is by no means a foregone conclusion. Negotiations to form a new government could take months, and policy in Europe will remain frozen in ...