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Merkel: Europeans Must Press Ahead With Reforms

Germany's chancellor said the EU must push ahead with austerity measures, which she admitted do not improve the situation overnight.

BERLIN (AP) — Germany's chancellor, Angela Merkel, says  Europe's heavily indebted nations  must push ahead with structural reforms to get their economies back on track.

Merkel, the leader of Europe's biggest economy, on Tuesday said labor market and other reforms do not improve the situation overnight but they are the right path toward sustainable growth.

Merkel reiterated that encouraging growth in Europe cannot be achieved by piling up yet more debt.

The chancellor has long advocated a mix of austerity measures and structural reforms, especially for southern European nations, such as Greece and Ireland, which had to be bailed out by its European peers.

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