The Business Times
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Light in the multicurrency tunnel

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Published Wed, Jan 20, 2016 · 09:50 PM

Berlin

THE prospect of Britain leaving the European Union has been a background influence adding to the New Year factors disturbing financial markets. None of this has been lost on the principal actors in the German government, which is digesting the implications of a collapse in Chancellor Angela Merkel's political status over her errors of judgement in the refugee crisis.

Losing Britain as an ally in Europe at the same time as she is losing her grip in Germany would not be good news for the embattled chancellor.

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