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Oct. 26 (Bloomberg) -- European Central Bank Governing Council member Yves Mersch said Europe will take time to solve the debt crisis even if the pace of decision-making doesn’t please financial markets.
“Unfortunately, the markets don’t have to do with the functioning of democracies,” which need time to carry out far- reaching decisions, Mersch said at a conference near Florence, Italy, today.
“It’s not just a question of money, it’s a question of change that has to be explained” to more than 300 million people in the European Union, he said.
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