European leaders head for financial summit with no solution in sight

By Howard Schneider and Michael Birnbaum – “We need to act together jointly,” German Chancellor Angela Merkel said Wednesday (10/25/11). “It’s not possible to have a simple solution. We will have to deal with this situation for years. . .We have a historical obligation to fulfill.”

But underlining how many issues remain unresolved, Merkel said that she would not commit any more Germany money to supporting Europe. more>

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