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. Last Updated: 07/27/2016

Bonn Says Wait

FRANKFURT -- Bonn wants neither Italy nor Spain to join European monetary union from the start because their membership would make it even harder to persuade Germans to give up the Deutsche mark, economists said.

While Spain has made more progress than Italy toward qualifying, the two countries will have the same trouble proving they can sustain the convergence they have achieved -- and Germany has recently been at the forefront of stressing the need for sustainability, the economists said Monday.