Eurozone debt crisis is worsening. Germany.

German Chancellor, Mrs Anjela Merkel says that, the debt crisis of the Eurozone is far from over.

She also says that, the situation will be worsened during the next year.She has further said that,they should work without being discouraged in this regards.

“The three year debt crisis has indicated the importance of the maintaining of balance between the prosperity and the solidarity”, she said.

She further says that, the reforms they have agreed are beginning to take effect,but need a lot of patience.

According to Mrs Merkel, since the world hasn’t learnt a sufficient lesson from the 2008 economic crisis, steps should be taken to further monitor the international financial markets.She has emphasized the importance of the research by saying that, ‘if we can do something that others cannot, we preserve and create prosperity’.

She also emphasized that, through investing more in the education and research, they could turn Germany into one of the main energy producer of the world, and get prepared for the demographic change and bring public finance into order.