BERLIN (AP) — German Chancellor Angela Merkel is brushing aside pressure for a quick-fix solution to the euro crisis even as market tensions mount, arguing that spreading debt liability could ruin Europe's competitiveness and a massive European Central Bank bond-buying drive wouldn't resolve its problems.
Merkel also argued in a speech Thursday to an economic conference that Europe needs to consider growth-promoting measures that don't immediately cost money, such as labor-market reforms — and that such measures will require patience.
Merkel noted that Europe has been discussing "one quick solution after another" — such as the introduction of jointly backed so-called …
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