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Germany dampens euro zone crisis hopes

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Published on Oct 17, 2011

http://www.euronews.net/ Germany's has lowered expectations of a breakthrough in the euro zone's sovereign debt crisis at next weekend's summit of European Union leaders.




Financial markets have risen in the last week on hopes that the 27 EU heads will agree on a comprehensive plan.




But German Finance Minister Wolfgang Schäuble said while European governments will adopt a five-point plan to address the turmoil it is wrong to expect a miracle cure from the summit.

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