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German Chancellor Merkel: Conditions not right for European finance minister

German Chancellor, Angela Merkel was out on the wires in the last hour, saying that Euro-zone finance ministers would need an extra budget and own parliamentary oversight.

Additional quotes:

   “¢   Conditions not right for a new finance and economy minister for Europe.
   “¢   Leaning towards integrating budget for EZ states into the EU budget.

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