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German Chancellor Merkel told the European Parliament to re-submit budget plans to EU

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Strasbourg. German Chancellor Angela Merkel told the European Parliament to re-submit budget plans to the European Union.

Merkel on Tuesday said 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 as reported by Reuters.

Adding Merkel said that otherwise the strength and the stability of the euro zone were at risk.

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