Merkel asks EU members to fulfill commitment to make Euro work

German Chancellor Angela Merkel told the European Parliament on Tuesday that the eurozone 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, adding that otherwise the strength and the stability of the eurozone were at risk.