BERLIN (AP) — Chancellor Angela Merkel indicated Wednesday that private investors like banks should take a writedown of at least 50 percent on their Greek debt holdings and told German lawmakers the world is waiting to see whether Europe can get a grip on its debt crisis.
Merkel spoke to the German parliament ahead of a vote on plans to increase the firepower of the eurozone's euro440 billion ($600 billion) rescue fund — part of a several-pronged strategy to calm the crisis and prevent it spreading yet further.
She looked set to win wide parliamentary backing before traveling to Brussels for a high-stakes European Union summit there later Wednesday.
"The world is …
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