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Eurozone can survive in its current form says Merkel

Germany's goal is to stabilise the eurozone in its current form, German Chancellor Angela Merkel says.

Her comments followed an earlier report that Germany and France were discussing a radical overhaul of the EU towards a more integrated eurozone.

A senior EU official told Reuters news agency "intense consultations" had been taking place "at all levels" and that a smaller eurozone was one possibility.

But Mrs Merkel said the whole eurozone needed to restore credibility.

Gavin Hewitt reports.

  • 10 Nov 2011
  • From the section Europe