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Germany says renegotiating EU pact ‘not possible’ after French election

The German government on Monday ruled out reworking the European Union’s fiscal pact despite calls to do so by French president-elect Francois Hollande. “It is not possible to renegotiate the fiscal pact,” government spokesman Steffen Seibert told a regular news conference. He noted that 25 of the 27 EU member states had already signed…

Spokesperson: German-French plan won’t be miracle cure

BERLIN (Reuters) – Germany and France have begun working on a joint package to stem the euro zone debt crisis, but it will not be a “miracle cure” for the bloc’s ills, Chancellor Angela Merkel’s spokesman said on Monday. Merkel hosted French President Nicolas Sarkozy for talks on Sunday evening, and at a joint presser,…