Merkel: Next year may be worse than 2012

Merkel: Next year may be worse than 2012

The German Chancellor Angela Merkel says the eurozone debt crisis is a long way from being resolved.

In her annual New Year address, she is warning that 2013 may be harder than this year, particuarly for the German economy.

Germany's Central Bank says the country may dip into recession early next year.

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