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Post by bot on May 7, 2012 8:30:27 GMT -5
Franco-German cooperation to continue: Germany from MarketWatch.com - MarketPulse FRANKFURT (MarketWatch) -- The German government on Monday said it remained confident it will maintain close relations with France following Socialist challenger Francois Hollande's victory over French President Nicolas Sarkozy in Sunday's runoff election. "It is completely clear, as we have always said, that the good and close cooperation will continue between the chancellor and President Hollande," Steffen Seibert, a spokesman for German Chancellor Angela Merkel, told reporters in Berlin, according to Dow Jones Newswires. Seibert, however said Germany remains opposed to renegotiating the fiscal pact that aims to enshrine tough budget rules across the euro zone. Hollande has called for augmenting the pact with growth-oriented measures. "No growth via new debt but via structural reforms," Seibert said, according to the report.
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