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 bparkin@bloomberg.net


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