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A crucial German vote this Sunday is seen as the key near-term driver for euro/dollar
A crucial vote in Germany on Sunday has the potential to derail stability in Europe and send the euro tumbling. The continent's largest economy has been without a formal government for four months with long-term chancellor Angela Merkel unable to secure a ruling coalition. Last week, there appeared to be a breakthrough when it was announced that the hierarchy of the center-left Social Democrat Party (SPD) had agreed to a preliminary "grand coalition" with Merkel's center-right Christian Democratic Union (CDU) party. In Bonn on Sunday, the SPD will ask its 600 delegates whether the party should begin full coalition ... (full story)
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