Up to 15 years needed to fix Greece

Reuters
July 10, 2011

Greece will need a lot longer to resolve its debt problems than many people in Europe are now acknowledging, German President Christian Wulff said in an interview to be aired on Sunday.

Wulff, a former leader in Chancellor Angela Merkel's conservative Christian Democrats and now Germany's ceremonial head of state, told ZDF television that there was a need for "an overall concept" for resolving Europe's debt crisis.

"It can't be something that will suffice for a three month period but rather has to offer solutions to the problem that to cover the next 10 to 15 years," Wulff said.

"And Greece will need a lot more time period than one in Europe is currently willing to acknowledge," said Wulff, whose office carries only limited executive power.

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