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Merkel Allies Signal Progress on Fund to Pool Debts

Opposition in German Chancellor Angela Merkel’s government to debt sharing to counter the euro region financial crisis is weakening, two of her allies said.

“I see some movement in the government” toward a proposed debt-redemption fund, Lars Feld, a professor of economics at Freiburg University and a member of Merkel’s council of economic advisers, said in an interview in Berlin yesterday.