German Chancellor Angela Merkel has said that the debt crisis will not be resolved quickly and that this week's summit will not be the last chance to tackle the crisis.

However, in her address to the lower house of parliament before travelling to Brussels this afternoon, Merkel did show a certain amount of anxiousness over Greece. She urged Eurozone leaders not to let up on reforms, especially Greece which must tackle corruption and fulfill its promises.

Merkel said she wanted Greece to remain in the euro but reforms were being implemented at a "snail's pace".

She explained that Greek Prime Minister Antonis Samaras will present an interim report on discussions with the 'Troika' over budget cuts.

In regards to the banking union, Merkel said that the "contours" were already visible but that the quality of supervision had priority over speed.

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