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Merkel Says Leaders Need Time to Resolve Debt Crisis

Jan. 25 (Bloomberg) -- Chancellor Angela Merkel said governments won’t be able to close budget deficits “in one go,” though leaders are willing to take the time required to scale back debt.

“It will take time to overcome these deficits, we’re determined to do that,” Merkel said in a speech at the World Economic Forum in Davos, Switzerland.

Link to Company News:{1841Z SM <Equity> CN <GO>} Link to Company News:{2539Z GR <Equity> CN <GO>}

To contact the editor responsible for this story: Patrick Donahue at pdonahue1@bloomberg.net

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