Germany denies discussing breakup of eurozone

10th November 2011, Comments 0 comments

Germany on Thursday denied reports that Berlin and Paris had discussed a possible breakup of the eurozone in the face of the debt crisis gripping key members and roiling global markets.

"Reports that Germany is pursuing plans for a smaller eurozone are false," government spokesman Steffen Seibert said in a statement on microblogging website Twitter.

"The German government, on the contrary, wants to stabilise the eurozone as a whole."

In light of speculation about a potential breakup of the 17-member eurozone, European Commission chief Jose Manuel Barroso said in Berlin late Wednesday: "The EU as a whole and the euro area belong together and should not be divided."

© 2011 AFP

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