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Tue 05 May 2010Deal predicated on more monetary co-ordination
GERMAN STANCE:CHANCELLOR Angela Merkel has insisted the rescue plan for the euro agreed early yesterday morning can only function if member states meet German demands for greater budget consolidation and allow EU regulation of national finances.
The German leader played down concerns over the health of finance minister Wolfgang Schäuble, who was hospitalised ahead of the Brussels meeting that agreed a €500 billion rescue deal for the euro.
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