I realize hardly anyone on the western side of the North Atlantic noticed what Angela Merkel said at her party's regional conference over the weekend, but it isn't terribly encouraging for anyone who wants to see some resolution to the Eurozone crisis anytime soon.
From Deutsche Welle:
From Deutsche Welle:
Chancellor Angela Merkel has said it will take five years, or even longer, to overcome the eurozone debt crisis.In other words, don't get your hopes up.
...
The chancellor told members of her Christian Democrat (CDU) party in Mecklenburg-Western Pomerania there were no rapid solutions to the eurozone crisis.
"We have to hold our breath for five years or more," Merkel warned delegates in the city of Sternberg. "Whoever thinks this can be fixed in one or two years is wrong."