Mrs Merkel today expressed concerns over the Euro calling it a 'problem'
In a telling statement issued during the visit of US vice-president Mike Pence to Munich, Frau Merkel revealed even she is becoming concerned with the European wide currency.
The 63-year-old Christian Democrats leader, who is facing being booted out of office over her failed policies, said she believed the country's former currency would have a "different value" if it was still in place.
And she implied her country's involvement in the single currency, which is used by 19 of the 28 member states of the European Union, is propping up less productive economies.
If we still had the D-Mark it would surely have a different value than the euro does at the moment
The future of the failing currency and the success of the European Central Bank's (ECB) quantitative easing strategy have been called into question in recent months.
That combined with the problems plaguing Italy's banks which are in need of bail out and a potential default in Greece are said to be causing concern particularly with ECB chief Mario Draghi.
Mrs Merkel addressed an audience in Munich today
During a press conference Mrs Merkel said: "We have at the moment in the euro zone of course a problem with the value of the euro.
"The ECB has a monetary policy that is not geared to Germany, rather it is tailored (to countries) from Portugal to Slovenia or Slovakia.
"If we still had the (German) D-Mark it would surely have a different value than the euro does at the moment.
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The Euro is failing as country's like Italy and Greece teeter on the verge of financial collapse
"But this is an independent monetary policy over which I have no influence as German chancellor."
The euro is the second largest reserve currency as well as the second most traded currency in the world after the United States dollar and it has the highest combined value of banknotes and coins in circulation in the world.
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However Mrs Merkel appeared to be nostalgic for the Deutsche Mark, colloquially known as the D-Mark, which was introduced under Allied occupation in 1948 to replace the Reichsma
That currency however was completely replaced 15 years ago as the monetary agreements in the 1992 Maastricht Treaty were implemented across member states.
The euro has fallen nearly 25 percent against the dollar over the past three years, touching a 14-year low of $1.034 in January.
There have been campaigns in Germany to bring back their own currency
In 2012, it was estimated that as many as 13.2 billion marks were in circulation, with polls showing a narrow majority of Germans favouring the currency's restoration.
Now Merkel appears to be trying to send messages to her electorate that she is unhappy with the euro's position.
The euro was established by the provisions in the 1992 Maastricht Treaty.
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Member states were supposed to meet strict criteria including having a budget deficit of less than three percent of their GDP, a debt ratio of less than sixty percent of GDP, however both of these requirements were actively ignored to allow countries to enter.
In the Maastricht Treaty, the United Kingdom and Denmark were granted exemptions from joining the currency.
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