Merkel: Euro In Difficult Situation For 1st Time |
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February 24, 2010
The euro is in a difficult situation for the first time since its launch, but the 16-nation currency will come through, German Chancellor Angela Merkel said in an interview published Thursday.
The euro is in a difficult situation for the first time since its launch, but the 16-nation currency will come through, German Chancellor Angela Merkel said in an interview published Thursday.
The euro, introduced in 1999, has suffered in recent weeks from worries over the ability of Greece in particular, but also countries such as Spain and Portugal, to rein in their large budget deficits.
"The euro is now, for the first time since its introduction, in a difficult situation, but it will come through," Merkel was quoted as telling the daily Frankfurter Allgemeine Zeitung.
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