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European Commissioner Says Germany’s Election Results Will Aid Europe’s Economic Health

European Commissioner Says Germany’s Election Results Will Aid Europe’s Economic Health (Reuters)

Olli Rehn, the European commissioner for economic and monetary affairs and the euro, told attendees at the Thomson Reuters Newsmaker event in New York that the decisive re-election of German Chancellor Angela Merkel’s conservative bloc on Sunday will help Europe’s economic recovery. “It is now essential that we maintain the momentum on building a banking union, Rehn said. Merkel’s conservative bloc won 42 percent of the vote in Germany’s general election but fell just short of the votes needed to rule without cobbling together a coalition involving other political parties, including leftists.

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