Germany Shoots Down ‘Dreams’ of Swift Crisis Solution

"The G-20 did nothing and said nothing but today Angela Merkel lifted some of the fog from promises made a couple of weeks ago. The picture is now much clearer. Merkel pulled back the fog revealing more fog.

Please consider Germany Shoots Down ‘Dreams’ of Swift Crisis Solution

Germany said European Union leaders won’t provide the complete fix to the euro-area debt crisis that global policy makers are pushing for at an Oct. 23 summit.

German Chancellor Angela Merkel has made it clear that “dreams that are taking hold again now that with this package everything will be solved and everything will be over on Monday won’t be able to be fulfilled,” Steffen Seibert, Merkel’s chief spokesman, said at a briefing in Berlin today. The search for an end to the crisis “surely extends well into next year.”

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