Published by Jamie JemmesonThe euro has found support on the foreign exchange market after German chancellor Angela Merkel said the eurozone has problems with debt rather than its currency.Speaking in Singapore on the final day of a three-day tour, Ms Merkel said: "We don't have a euro problem in Europe. We have more of a debt problem. Financial markets doubt whether some EU states can manage their debt in the long term," Bloomberg reports.She also highlighted that Germany remains committed to the currency.Following her comments, the euro rose on the foreign exchange market.Separately, the president of the European Central Bank Jean-Claude Trichet has confirmed the bank will continue to work to deliver price stability across the currency zone.Inflation remains above target and his comments support the view that further interest rate rises could be introduced in the near future in order to offer more stability.Greece's debt problems remain an issue for Europe's policymakers, although discussions over a second bailout are being held, which may help the country avoid having to default.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site