A Merkel representative said that a package of measures would be presented on Sunday but cautioned that “The Chancellor reminds everyone that the dreams that are emerging again, the on Monday everything will be resolved and everything will be over, will again not be fulfilled.”
The Chancellor emphasizes that they have a long road to hoe first. They must pass more laws that permit the necessary reforms to the bailout fund.
But Wolfgang Schauble, Germany’s Finance Minister, had the last word. He said that the EU needed to pass a “debt break” law designed like the one in Germany. The debt break law there forces everyone to eliminate all debts in five years.