Resolving crisis will take well into next year, Merkels spokesman says.

Resolving crisis will take well into next year, Merkels spokesman says.

France, whose banks have most to lose, not willing to gamble on Greek default.

France, whose banks have most to lose, not willing to gamble on Greek default.

Merkel says European rescue fund should be last resort.

Merkel says European rescue fund should be last resort.

German chancellor says euro region should build barrier to stave off default.