Merkel receives criticism for letting crisis to expand

Source: Bloomberg
German Chancellor Merkel faced critics from European leaders for allowing crisis to broaden. Italy's PM Monti and ECB President Draghi called Germany to stop opposing direct aid for indebted banks. Currently Germany rejects the issuance of euro bonds and direct capital injection into banks. Monti claims that Merkel's tools chosen for tackling the crisis are not prompt and sufficient. 

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