Conley
12-02-2011, 04:32 PM
BERLIN — Chancellor Angela Merkel of Germany, a central player in efforts to rescue Europe’s single currency, on Friday called for urgent steps to amend European treaties that would address the underlying cause of the crisis but she said the long-term effort could take years, comparing it to a marathon.
Mrs. Merkel was speaking to the German Parliament as Europe’s leaders prepare for yet another round of talks on the issue, which has roiled markets across the continent and forced the collapse of governments in Greece, Italy and elsewhere. Mrs. Merkel spoke in sober and serious tones, and her words drew sustained if not overly enthusiastic applause from lawmakers.
She advocated quick agreement on changes in treaties that would prevent overspending — an important contributor to the debt crisis threatening the euro’s future. But she also said “resolving the sovereign debt crisis is a process, and this process will take years.”
http://www.nytimes.com/2011/12/03/world/europe/angela-merkel-germany-speech-euro-zone-debt-crisis.html
If you read the article she goes on to say a lot of very positive statements, like that she appreciates the sacrifice of the Spanish, Portuguese and especially the Greeks, and also that they are on the road to recovery. It seems so deluded but I guess once you've made your decision you have to paint it in as positive a light as possible.
Mrs. Merkel was speaking to the German Parliament as Europe’s leaders prepare for yet another round of talks on the issue, which has roiled markets across the continent and forced the collapse of governments in Greece, Italy and elsewhere. Mrs. Merkel spoke in sober and serious tones, and her words drew sustained if not overly enthusiastic applause from lawmakers.
She advocated quick agreement on changes in treaties that would prevent overspending — an important contributor to the debt crisis threatening the euro’s future. But she also said “resolving the sovereign debt crisis is a process, and this process will take years.”
http://www.nytimes.com/2011/12/03/world/europe/angela-merkel-germany-speech-euro-zone-debt-crisis.html
If you read the article she goes on to say a lot of very positive statements, like that she appreciates the sacrifice of the Spanish, Portuguese and especially the Greeks, and also that they are on the road to recovery. It seems so deluded but I guess once you've made your decision you have to paint it in as positive a light as possible.