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Merkel: Euro debt crisis will last 5 years or more
BERLIN (AP) -- German Chancellor Angela Merkel says Europe's sovereign debt crisis will last at least five more years.
Merkel says the continent is on the right path to overcome the crisis but "whoever thinks this can be fixed in one or two years is wrong."
Two years ago some heavily indebted European countries were dragged into the turmoil that first gripped global financial markets in 2007.
Greece in particular has been struggling with the austerity conditions imposed on it by countries such as Germany.
But Merkel told a regional meeting of her Christian Democratic Party on Saturday that the time had come for "a bit of strictness."
Otherwise, she says, Europe won't be able to attract international investment.
Posted: Sunday, November 4 2012, 01:48 PM CST
IN OKLAHOMA NEWS
Tornado watch issued for western, central Oklahoma
May 18, 2013 22:57 GMT
OKLAHOMA CITY (AP) -- A tornado watch is in effect for western and central Oklahoma.
The weather system brought severe thunderstorms to the Altus and Clinton areas, as well as Harper County late Saturday afternoon. There were no reports of rotation as evening approached but the tornado watch lasts until 11 p.m. Saturday.
The dangerous weather is forecast to continue into Sunday night as the system progresses to the east.
The tornado watch area Saturday stretched from eastern edge of the Panhandle to include the Oklahoma City area.
Forecasters warn that the system could also bring large hail.
The National Weather Service in Norman reports tennis ball-size hail along U.S. 62 near the border of Harmon and Jackson counties in the state's far southwest.
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From the FOX 25 First Forecast Center..Tornado watch for western and central OK until 11 pm Saturday night. Severe t'storms may also produce large hail and damaging winds. ...
Gauge of US economy's future health up in April
WASHINGTON (AP) -- A measure of the U.S. economy's future health rose in solidly in April, buoyed by a sharp rise in applications to build new homes and apartments.
BC-US--Dow Record-Three Personal Stories, 1st Ld-Writethru,1173
Dow Record: Three tales of ups, downs and changes
AP Photo FX102, FX103
Eds: With BC-US--Dow Record. Adds photos.
By SCOTT MAYEROWITZ
AP Business Writer
NEW YORK (AP) -- When the Dow first crossed 14,000, investors were overjoyed. ...
IN THE NEWS: LABOR GROUP SAYS CONDITIONS AT APPLE PLANTS IMPROVING
WASHINGTON (AP) -- A labor group Apple joined to assess working conditions at three manufacturing plants in China, where its products are made, says conditions are getting better.
ON THIN ICE?
ANCHORAGE, Alaska (AP) -- He was already on thin ice with the law when he failed to meet the conditions of his probation.