Bloomberg News

Merkel Says Will Take a Decade to Recover From Debt Crisis

November 05, 2011

Nov. 5 (Bloomberg) -- German Chancellor Angela Merkel said that considering it has taken Europe decades to accumulate its debts, it will “certainly take a decade to get to a better position.”

For years, almost all European countries have spent more than they made, emphasizing the importance of introducing debt limits, Merkel said today on her weekly podcast.

--Editor: Randall Hackley

To contact the reporter on this story: Ragnhild Kjetland in Frankfurt at rkjetland@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net


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