The German chancellor says she wants to keep Athens in the eurozone, but that EU lenders have already made substantial concessions on the terms of the bailout.
Alexis Tsipras, who led Syriza to a momentous win in the parliamentary election, was sworn in today amid fears about what his win means for the country's bailout agreements with the European Union.
The leftist Syriza party, which has vowed to roll back EU-mandated austerity measures, have edged out the ruling center-right party of Prime Minister Antonis Samaras.
If elected on Sunday, Syriza would be the first anti-austerity party to come to power in the Eurozone. But it would still have to pay off Greece's debt and help the country out of a deep depression.
A combination of political instability in Greece, possible quantitative easing in the eurozone and a stronger dollar are all pushing the common European currency lower.