No quick fixes for the euro debt crisis - Angela Merkel says fiscal union is the only way # 02.12.2011 15 Uhr # Journal (englisch) # nicht im Mediacenter

It was another big speech from Europe's most powerful leader on how to end the debt crisis. And anyone hoping for a quick fix will be disappointed. Angela Merkel told lawmakers here in Berlin that it will take years to solve the underlying problems in the eurozone. She said only a "fiscal union" that anchors a culture of stability can save the single currency. That meant "No" to the eurobonds that many have been demanding. The speech came a week before the latest in a string of EU summits - where Merkel will officially present her plans.