German Chancellor Angela Merkel said on the 5th that solving the European debt problem cannot be achieved overnight. It takes time for European countries to get out of the woods and revitalize the economy for 10 years. The sixth meeting of the G20 leaders closed on the 4th in Cannes, France. Merkel wrote on his personal homepage on the 5th that the European debt crisis has caused the economic development of members of this region to be damaged. The solution is full of hardships and requires more efforts from all countries to gradually advance. “The debt crisis cannot be solved in one fell swoop,†Merkel said. “The clear point is that we need 10 years (to make the economy) to return to better conditions.†She stressed that important measures to resolve the debt crisis include: The euro zone countries within the country passed legislation to limit the size of their respective debts. “Every member of Europe must work hard to achieve the targets as required.†At the G20 summit, the European debt crisis has received much attention. In the meantime, the Italian Prime Minister Silvio Berlusconi agreed to accept the supervision of the International Monetary Fund to promote economic reform and fiscal austerity; Greek Prime Minister Silvio Papandreou gave up a referendum on the EU's new rescue plan, reluctantly I have passed the vote of government trust.
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