German Chancellor Angela Merkel said that banks are going to have to shoulder part of the euro sovereign debt crisis costs. “We want and we have to make sure that banks and other investors share the costs of getting over the crisis,” Merkel said in a speech to trade unionists today in Karlsruhe, Germany. European officials are crafting a rescue plan that may include deeper investor losses on Greek bonds, higher bank capital levels and increased firepower for bailouts and the International Monetary Fund. European leaders may complete the plan at an Oct. 23 summit and present it to a gathering of Group of 20 chiefs ... (full story)