Angela Merkel in Eurozone Permanent Bail-out Vow

Germany's Chancellor Angela Merkel has vowed to implement a permanent bail-out facility amid speculation over a break up of the 16-nation eurozone.

A joint statement with French President Nicolas Sarkozy said the two would propose replacing the existing fund that expires in 2013.

Meanwhile the head of Germany's central bank said the existing fund could be increased if needed.

And the fund's head has dismissed the risk of a eurozone break-up.'

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