German central bank: Crisis not over yet

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FRANKFURT, Germany (AP) — The head of Germany’s central bank is warning that the government debt crisis in the euro countries “isn’t over” despite the easing of financial market turmoil over the past several months.

Bundesbank President Jens Weidmann underlined Tuesday that the European Union needs to move ahead with reforms to keep troubles in the banking system from dragging down government finances — the proposed so-called “banking union.”

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