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Merkel's comments saw an immediate reaction from the markets (Photo: consilium.europa.eu)

Merkel warns euro in 'serious condition'

German Chancellor Angela Merkel on Tuesday (23 November) warned that the euro is in an "exceptionally serious" situation as the European Commission issued a veiled warning to the Irish political class not to topple the government.

"I don't want to paint a dramatic picture, but I just want to say that a year ago we couldn't imagine the debate we had in the spring and the measures we had to take," she said in a speech in Berlin to the Confederation of German Employers, the BDA.

"W...

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Merkel's comments saw an immediate reaction from the markets (Photo: consilium.europa.eu)

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