Angela Merkel: No quick and easy solution to debt crisis The German leader is holding out against mounting pressure for her country to give up its resistance to pooling debt - for example by agreeing to jointly issued government bonds, or eurobonds. She called such proposals "economically wrong" and "counterproductive" after yesterday ruling them out for "as long as I live." "It is imperative that we don't promise things that we cannot deliver and that we implement what we have agreed," Ms Merkel said to loud applause in the chamber. "Joint liability can only happen when sufficient controls are in place," she added. "Germany with its result-based culture of debate" and its support of the growth pact "is sending a strong signal, both internally and externally," the German leader said. Ms Merkel is due in Paris later today for talks with French President Francois Hollande. Meanwhile, the head of the global bank lobby IIF warned in an interview that the future of the eurozone and of Europe as a whole are at stake. Charles Dallara told Die Zeit: "I believe - and this is no exaggeration - that it's not only the future of the euro which is at stake, but the future of Europe. [The summit in Brussels on Thursday and Friday] "is perhaps the most important since the foundation of the EU. It's about winning back the trust and confidence of long-term investors such as pension funds and insurers. And I'm afraid they will only allow themselves to be convinced by comprehensive solutions.