"Money alone or bailouts. or monetary policy at the ECB will never resolve the problem,"...

|By:, SA News Editor

"Money alone or bailouts... or monetary policy at the ECB will never resolve the problem," outspoken finmin Schauble tells German TV. While Italy and Spain are "making great reform efforts," Greece isn't trying hard enough, he says. And Obama's calls for intervention? He "should focus on reducing the American deficit."