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What kind of fiscal union?

The latest IISS Voices, comments that ‘the vote in the Bundestag was an unexpectedly strong endorsement of Chancellor Angela Merkel’s handling of the European debt crisis.

The ruling coalition split in favour of the package – giving an important boost to the government’s stability – and the opposition backed it as expected.

Merkel’s promise that ‘the euro will not fail’ now looks more credible

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