17-Oct (The Wall Street Journal) — German Chancellor Angela Merkel expects a package of measures towards solving the euro-zone debt crisis to be agreed on Oct. 23, but warned against hoping that all of Europe’s debt woes would be resolved, her spokesman said Monday.

Spokesman Steffen Seibert said a “package” of measures would be agreed upon at the European Union summit in Brussels this coming Sunday, but “the chancellor reminds [everyone] that the dreams that are emerging again, that on Monday everything will be resolved and everything will be over, will again not be fulfilled,” Mr. Seibert said.

The comments, which saw stock markets in Europe and the U.S. pare gains, echo those of German Finance Minister Wolfgang Schäuble, who earlier Monday said he expects European leaders to agree on new measures to combat market uncertainty at the coming summit—including a 9% Tier-1 capital ratio for systemically important banks—but cautioned that a permanent solution to the debt crisis is unlikely to come out of the summit.

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