German Chancellor Angela Merkel said on Wednesday she sees a chance for a deal to release emergency aid for Greece at a meeting of European finance ministers on Monday, but rejected the idea that big bold actions could solve Europe’s crisis overnight.
“I believe there are chances, one doesn’t know for sure, but there are chances to get a solution on Monday,” Merkel told the Bundestag lower house of parliament in a debate on the German budget.
“But the longing for one act, one miracle solution, one truth that means all our problems are gone tomorrow … this will not be fulfilled. What was neglected over years, over decades, cannot be taken care of overnight and therefore we will need to continue to move step by step.”
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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