(MENAFN- Qatar News Agency) Germany and France are "determined to do everything" to safeguard the euro, their leaders said Friday after speaking on the phone. "France and Germany are fundamentally committed to the integrity of the eurozone.
They are determined to do everything to safeguard it," German Chancellor Angela Merkel and French President Francois Hollande said in a joint statement, reported the German Press Agency dpa.
They called on national governments and European Union institutions "to fulfil their obligations towards this end, each according to their prerogatives," and renewed a vow to quickly implement summit decisions from last month.
The euro rose 0.4 per cent to 1.2343 dollars and shares rose after the statement. The eurozone blue-chip Eurostoxx 50 was up 1.6 per cent.
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