Bloomberg News

Merkel Says Greece Faces Long, Hard Road to Financial Health

October 26, 2011

Oct. 26 (Bloomberg) -- German Chancellor Angela Merkel said Greece is at the “start of a long, difficult road” to financial recovery that necessitates help from investors who hold the country’s bonds.

Merkel, speaking to the German parliament before a summit of European leaders today, urged Greece to press on with “painful” reforms. The country may need a permanent oversight of its fiscal policy, she added.

To contact the editor responsible for this story: Brian Parkin at

Silicon Valley State of Mind

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

blog comments powered by Disqus