Vientiane (Laos)

Monti doubts Merkel's five-year crisis forecast

But Italian premier agrees fixing situation will take time

Monti doubts Merkel's five-year crisis forecast

Vientiane (Laos), November 6 - Italian Premier Mario Monti suggested on Tuesday that he had doubts about German Chancellor Angela Merkel's forecast that it will take five years to overcome the eurozone crisis, while conceding that fixing the situation will take considerable time. "The crisis has been so deep and has determined such big adjustments that one cannot believe it will be possible to emerge from it very quickly," Monti told a press conference at the Asia-Europe Meeting (ASEM) in Laos. "As for the forecast of five years... maybe I don't have the forecasting instruments that the chancellor and her advisors used".

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