Merkel urges action on debt crisis

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Chancellor Angela Merkel called yesterday for swift action to amend European treaties to address the underlying causes of the sovereign-debt crisis that has shaken Europe and jeopardized the future of the common currency. Merkel, a central player in efforts to rescue Europe’s single currency, was addressing the German Parliament in anticipation of a meeting next week in Brussels, when Europe’s leaders will once again try to find a politically palatable solution to the ongoing crisis.

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