Merkel Speech Chancellor Urges Reforms to Preserve Euro

In the first parliamentary speech of her third term, German Chancellor Angela Merkel warned that Europe needs to take more action to make its single currency crisis-proof and urged states to undertake binding economic reforms.
Angela Merkel addresses the Bundestag lower house of parliament on Wednesday.

Angela Merkel addresses the Bundestag lower house of parliament on Wednesday.

JOHN MACDOUGALL/ AFP
cro -- with wire reports