Merkel compares fighting debt crisis with marathon

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
German Chancellor Angela Merkel in her speech compared tackling debt crisis with marathon. She also rejected again the idea of issuance of common Eurobonds as well as claimed that ECB should not be required to resolve crisis alone. Merkel emphasized that the role ECB is different from that of Fed or Bank of England. Chancellor told only long term steps can end the turmoil completely. 
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Fri, 02 Dec 2011 12:19:55 GMT

Reuters boss to step down

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