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Angela Merkel addressing the German Parliament Friday

Germany's Chancellor Angela Merkel has told the country’s parliament, the Bundestag, Friday about moving forward with what markets see as an emerging plan for more effective action to contain the European financial crisis, urging tougher rules against government overspending.

Here's the transcript of Angela Merkel's speech:

"The government had always made clear that the European crisis can not be solved in one fell swoop overnight.

"There is no such thing as the one fell swoop solution here.

"There are no easy and no fast solutions, especially not, as some people insist on saying ahead of every summit, the apparent on last push.

"That is neither my kind of language nor way of thinking. The resolution of the euro crisis is a process.

"And this process will take years.

"It is the most important basis of our democracy: our credibility and trustworthiness. Both these institutions the courts and the banks need to be protected and preserved.

"Politicians have frittered away the trust in them over the years because since the founding of the economic and currency union they have not stuck to the principles stated in the Growth and Stability Pact.

"We do not intend and we are a long way from allowing our national budget to be controlled and determined by a European institution and this is also not even possible according to our constitution.

"As long as this is the case, we are in the situation where a common responsibility would not reflect this, and therefore the discussion about Eurobonds is null and void.

"We are going to Brussels with the goal, and I want to emphasize this, to bring treaty changes, and we want to avoid creating a wedge between Euro countries and non-Euro countries.

"The future of the euro is inseparable from European unity.

"The journey before us is long and will be anything but easy but I am convinced that we are on the right path.

"It is the right path to take to reach our common goal: a strong Germany in a strong European Union that will benefit the people in Germany and in Europe."

Chancellor Merkel will be attending a meeting in Brussels next week wherein Europe’s leaders will try again to find a politically palatable solution to the crisis.