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Germany’s Fuchs Says Countries Should Sell Gold, WiWo Reports

Michael Fuchs, the Christian Democratic Union’s deputy leader in Germany’s parliament, said the southern European “crisis countries” should sell part of their gold reserves, WirtschaftsWoche reported.

With the proceeds, the countries should then buy back their own “weakening” government bonds, the magazine cited him as saying, according to an e-mailed preview of an article that will appear in tomorrow’s edition.

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