German Chancellor Angela Merkel visited Brussels on Wednesday to confer with the European Parliament and the Commission on the best way to tackle the sovereign debt crisis and the recapitalisation of Eurozone banks which may be affected from a larger than planed haircut of the Greek debt.

On 6 October in Berlin, however, Merkel together with Christine Lagarde, the head of IMF, reassured the world that the EFSF and IMF have enough resources to face the sovereign credit crisis in Eurozon...

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