'No solution to Euro crisis'

Currency Crash: 'No solution to crisis - too late to save euro'

The person essentially in charge of Europe's purse strings says there is no easy fix to the Eurozone's debt crisis and finding a solution will take years. 

German Chancellor Angela Merkel said the region needs a new financial union with stronger controls and debt regulations. 

Economic analyst Michael Mross, says he agrees with the EU monetary chief, who warned the Eurozone is running out of time to tackle its debt.