Open

Coming up

Don't miss

Replay


LATEST SHOWS

FOCUS

Pakistan's Ahmadis living in fear of extremist attacks

Read more

WEB NEWS

Web users show solidarity with Iraqi Christians

Read more

THE INTERVIEW

Gilles Kepel, Islamic and Arab world specialist

Read more

BUSINESS DAILY

Argentina braced for another debt default

Read more

DEBATE

Too Late for Sanctions? Pressure Mounts on Russia over Ukraine (part 2)

Read more

DEBATE

Too Late for Sanctions? Pressure Mounts on Russia over Ukraine

Read more

MEDIAWATCH

'What would you do?'

Read more

AFRICA NEWS

Ebola virus: Liberia shuts most border points

Read more

IN THE PAPERS

Netanyahu says Gaza operation will not end quickly

Read more

  • France extradites suspected Jewish Museum shooter to Belgium

    Read more

  • Video: How tourism is helping Rwanda’s gorillas, ex-poachers

    Read more

  • Calls mount to ban France’s ‘violent’ Jewish Defence League

    Read more

  • Rare Sri Lankan leopard cubs born in French zoo

    Read more

  • France evacuates its nationals from Libya

    Read more

  • Israeli strikes target symbols of Hamas power

    Read more

  • US says Russia violated arms treaty by testing cruise missile

    Read more

  • Argentina in last-ditch effort to avert default

    Read more

  • Karzai’s cousin killed in Afghan suicide attack

    Read more

  • Libya oil tanker fire blazes out of control

    Read more

  • In pictures: From Gaza to Mosul, bittersweet end of Ramadan for Muslims

    Read more

  • France offers asylum to Iraqi Christians

    Read more

  • Moroccan police arrest French al Qaeda recruiter

    Read more

  • French mayor files complaint against US father who risked kids’ lives on Mont Blanc

    Read more

  • French footballer Griezmann headed to Atletico Madrid

    Read more

  • Luc Besson’s sci-fi thriller ‘Lucy’ tops US box office

    Read more

Europe

Euro must regain 'credibility' says Merkel

Video by Yuka ROYER

Text by News Wires

Latest update : 2011-12-08

German Chancellor Angela Merkel said Thursday that EU leaders must restore "credibility" to the euro and that eurozone leaders meeting for a crisis summit in Brussels Friday should change the bloc's treaty to save the currency.

AFP - German Chancellor Angela Merkel said Thursday that leaders must restore "credibility" to the euro currency as she arrived for an EU summit bogged down in rows over changing the bloc's treaty.

"It is important for me that the euro regains its credibility, that the treaties are changed in such a way that we head towards a stability union," Merkel said, also indicating that eurozone leaders will probably hold separate talks later.

"I assume there will also be a meeting of the Eurogroup and in this way we will move step by step towards our goal," she said.

With divisions growing between the 17 states in the currency union and the other 10 EU partners, Merkel said that it was in the interests of the non-euro partners that the eurozone stabilises.

Britain, Finland, Poland and Romania have each raised issues with a demand by France and Germany for treaty changes to bolster the eurozone.

"I think that those countries that are not in the euro have a fundamental interest in the eurozone working closer together towards a stable fiscal union," Merkel said.

Date created : 2011-12-08

  • EUROZONE

    Sarkozy, Merkel propose reforms to save eurozone

    Read more

  • DEBT CRISIS

    US Treasury Secretary backs euro on Paris trip

    Read more

COMMENT(S)