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Merkel Says Joint Euro Bonds Unthinkable as EU Faces Marathon

German Chancellor Angela Merkel likened solving Europe’s debt crisis to a marathon, shunning investor calls for quick action while pushing for stricter budget enforcement and overhauling the region’s governance.

(BLOOMBERG) Berlin - Addressing lawmakers in Berlin today before a Dec. 9 summit of European leaders, Merkel rejected joint euro-area bonds or trying to make the European Central Bank the lender of last resort as quick fixes. The ECB's role is different from that of the Federal Reserve or the Bank of England, she said.

"Marathon runners often say that a marathon gets especially tough and strenuous after about 35 kilometers (22 miles)," Merkel told the lower house of parliament in a speech previewing the European Union summit. "But they also say you can last the whole course if you're aware of the magnitude of the task from the start."

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U.S. Drone Incident Video, Credit Suisse Lifeline, Lunar Fashion

NASA has unveiled the first prototype for a newly designed next-generation spacesuit specially tailored and accessorized for the first astronauts expected to go back to the moon’s surface in the following years.

Ginevra Falciani, Renate Mattar, Emma Albright, Anne-Sophie Goninet

👋 Sannu!*

Welcome to Thursday, where the U.S. releases a video of the drone incident with a Russian fighter jet, Credit Suisse borrows big, and we get a first look at NASA’s new Moon spacesuits. Meanwhile, Rubén M. Perina in Buenos Aires-based daily Clarín lays out why Latin America should be wary of China’s economic might in Argentina.

[*Hausa - Nigeria]

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