November 13, 2018 / 2:45 PM / a month ago

Merkel: Euro can only work if members meet treaty responsibilities

German Chancellor Angela Merkel addresses the European Parliament during a debate on the future of Europe, at the European Parliament in Strasbourg, France, November 13, 2018. REUTERS/Vincent Kessler

STRASBOURG (Reuters) - German Chancellor Angela Merkel told the European Parliament on Tuesday that the euro zone will only work if all member states meet their treaty responsibilities as a deadline looms for Italy to re-submit budget plans to the European Union.

“Our common currency can only function if every individual member fulfils their responsibility for sustainable finances,” Merkel said, adding that otherwise the strength and the stability of the euro zone were at risk.

Reporting by Alastair Macdonald; Writing by Madeline Chambers; Editing by Michelle Martin

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