Speech in Davos Merkel Refuses Role of Rescuer in Euro Crisis

As fears mount that the euro crisis could trigger a global recession, all eyes are on Germany to take an even stronger lead in the rescue efforts. But Chancellor Angela Merkel has disappointed these expectations, warning against placing too many burdens on Germany.
Merkel delivers the opening address at the World Economic Forum on Jan. 25.

Merkel delivers the opening address at the World Economic Forum on Jan. 25.

Michel Euler/ AP
--kla, with reporting by David Böcking