Germany, France pledge to protect euro

THE leaders of Germany and France have added their weight to the battle to preserve the European single currency, issuing a joint statement promising to do everything they can to stop the 17-country bloc from breaking up.

The statement from Chancellor Angela Merkel and President Francois Hollande on Friday was brief and didn’t spell out any specific course of action. But it offered a show of unity by the leaders of the eurozone’s two biggest economies.

“Germany and France are deeply committed to the integrity of the eurozone,” the two leaders said in their statement. “They are determined to do everything to protect the eurozone.”

To achieve that, they added, eurozone members and European institutions “must comply with their obligations, each in their own area of competence.”
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