Markets clear German hurdle; Italy's up next
End to German political uncertainty seen boosting euro, while coalition deal expected to lift stock and bond markets; Italian election likely to produce hung parliament
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London
THE revival of Germany's grand coalition should aid stability and keep the eurozone's plans for tighter fiscal union on track, investors and analysts said as months of political uncertainty ended on Sunday.
Germany's Social Democrats (SPD) voted decisively for another tie-up with Chancellor Angela Merkel's conservatives, clearing the way for a new government in Europe's largest economy more than five months since the country's inconclusive election.
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