BERLIN (MNI) – German Chancellor Angela Merkel warned Friday not to
try to fight the Eurozone sovereign debt crisis by taking on
ever-increasing amounts of debt.
“I’m deeply convinced, if we fight this crisis now by creating new
debt and even more new debt then we will create a new bubble and will
experience another crash,” Merkel said at a business conference here.
If this happens “then people will become exasperated with our
economic order,” the chancellor said.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
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