News Summary: Merkel says Germany committed to maintaining common currency

(The Canadian Press,Patrick Doyle/ Associated Press ) - German Chancellor Angela Merkel shakes hands with Canadian Prime Minister Stephen Harper after a joint news conference on Parliament Hill in Ottawa, Canada, Thursday, Aug. 16, 2012.

(The Canadian Press,Patrick Doyle/ Associated Press ) - German Chancellor Angela Merkel shakes hands with Canadian Prime Minister Stephen Harper after a joint news conference on Parliament Hill in Ottawa, Canada, Thursday, Aug. 16, 2012.

BY ALL MEANS: Chancellor Angela Merkel reiterated on Thursday that Germany is committed to do everything it can to maintain the euro.

PROGRESS: Merkel said European leaders are making progress. “We feel committed to do everything we can to maintain the common currency,” she said. “The European Central Bank, although it is of course independent, is completely in line with what we have said all along”

IN CANADA: Fresh off her summer vacation, Merkel was in Ottawa for two days of meetings with Canadian Prime Minister Stephen Harper. She lauded Canada for its economic management.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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