Merkel Says Debt Crisis Can’t Be Solved at July 21 Summit
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German Chancellor Angela Merkel said Europe’s fiscal crisis can’t be solved in one go, damping expectations that government leaders may resolve the region’s debt woes at a July 21 summit.
“There won’t be one spectacular step” this week, Merkel told reporters in Hanover, Germany, today. “It’s entirely about creating a controlled, composed process of gradual steps and measures.”