Germany aims to save eurozone in current form: Merkel

BERLIN: Chancellor Angela Merkel said on Thursday that Germany aims to preserve the eurozone in its current form, dismissing reports that Berlin was preparing for a smaller currency union.

"We have a single goal and it is to stabilise the eurozone as it is today, to make it more competitive, to make progress in balancing budgets. We believe this common euro area is also capable of thoroughly winning back its credibility," she told reporters.