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11/26/10

Germany's Chancellor Expresses Confidence in Euro's Durability

German Chancellor Angela Merkel has expressed confidence the 16-nation euro currency will survive the continent's debt crisis, and that no member of the eurozone risks having to restructure its debt. Ms. Merkel spoke Thursday in Berlin, seeking to reassure financial markets as the euro was near a two-month low against the dollar.

Many analysts are voicing fears the euro's value could drop further if Spain and Portugal follow Greece and Ireland in seeking massive international bailouts.

For more: VOA | Germany's Chancellor Expresses Confidence in Euro's Durability | Europe | English

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