Angela Merkel says $t trillion rescue plan only bought time
Economy
11:13 17/05/2010

Angela Merkel says $t trillion rescue plan only bought time

 German Chancellor Angela Merkel and European Central Bank president Jean-Claude Trichet say the European Union must do more to narrow wide gaps between its richer and poorer deficit-running member countries, according to media reports over the weekend.

 
The EU's $1 trillion rescue plan has only bought time while the fundamental issue remains bridging the gap between the richer and poorer economies of the euro zone, Merkel said Sunday, according to media reports.
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Angela Merkel says $t trillion rescue plan only bought time