Merkel warns: we're not even close

Adrian Holliday

Close to solving Europe's debt crisis, that is. Angela Merkel has fired her warning as a coming EU weekend summit looms. Don't get your hopes up says Merkel spokesman Steffen Seibert: "The dreams that are taking hold again, that with this package everything will be solved and everything will be over on Monday, will again not be fulfilled." A needed reality check?