"Resolving the sovereign debt crisis is a process and this process will take years," Angela...


"Resolving the sovereign debt crisis is a process and this process will take years," Angela Merkel says in a speech to the German parliament. The problem is that the eurozone might only just have over a week, with EU commissioner Olli Rehn saying on Wednesday that the bloc was entering a "critical period of 10 days."

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Comments (6)
  • untrusting investor
    , contributor
    Comments (9903) | Send Message
     
    What is new in any of this?
    2 Dec 2011, 04:20 AM Reply Like
  • Dr. V
    , contributor
    Comments (1168) | Send Message
     
    She is merely repeating Joseph Ackermann in an attempt to sound intelligent.

     

    Obviously she is not aware he has lost his job and on his way to prison.
    2 Dec 2011, 04:52 AM Reply Like
  • 7footMoose
    , contributor
    Comments (2229) | Send Message
     
    If Rhen is correct then Merkel is right not to put good money after bad. If the ship is going down next week then everyone should head for the life boats today.
    2 Dec 2011, 04:53 AM Reply Like
  • Dr. V
    , contributor
    Comments (1168) | Send Message
     
    3 Months too late. She is on a hook now to the Investment Banks.
    3 Dec 2011, 02:01 AM Reply Like
  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    but they just approved 11 billion for Greece...now that is good money going after bad....real bad...stupid money in fact...so the bankers are still in control..she talks tough...but her actions speak differently..
    2 Dec 2011, 05:34 AM Reply Like
  • Dr. V
    , contributor
    Comments (1168) | Send Message
     
    NOT MONEY, BONDS.

     

    There is NO MONEY being paid or made available for Greece or any other country, all the bailouts are only bonds.

     

    Your crappy Greek Bonds from 2010 for the new crappier 2011 version.

     

    ANYONE claiming to have paid for Greece or any other EU country in a bailout, is either profoundly retarded, or a liar.

     

    Germany has imposed a tax they are telling their masses is for the bailout, in reality it is a lie to sew confusion. When only 14% of your nation has a secondary education, it is easy to lie to them, they have no idea.
    3 Dec 2011, 02:07 AM Reply Like
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