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German Chancellor Angela Merkel: Euro Will Survive Debt Crisis

November 25, 2010 0 Comments

The euro  will survive the debt crisis, German Chancellor Angela Merkel vowed.  

In addition, Axel Weber, the head of Germany's central bank and a leading rate-setter at the ECB, said European nations would be willing to boost the emergency fund by as much as euro100 billion ($133 billion) to fully cover the total public debt load of Greece, Ireland, Portugal and Spain.

However Merkel and France's Sarkozy said the euro750 billion emergency fund for the euro would remain unchanged until it expires in 2013.

Please read more in the Huffington Post.

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