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By Georgina Prodhan FRANKFURT (Reuters) - German Chancellor Angela Merkel cannot afford to bail out Deutsche Bank given the hard line Berlin has taken against state aid in other European nations and the risk of a political backlash at home, German media wrote on Saturday. The government denied a newspaper report on Wednesday that it was working on a rescue plan for Germany's biggest bank, as its shares went into a tailspin fueled by a demand for up to $14 billion from U.S. authorities for misselling mortgage-backed securities before the financial crisis. Germany, which has insisted Italy and others accept tough conditions in tackling their problem lenders, can ill afford to be seen to go soft on its flagship bank, the Frankfurter Allgemeine wrote.
MADRID (AP) — Rent by internal divisions, members of Spain's Socialist Party are voting Saturday to decide if they will keep or oust leader Pedro Sanchez, who has been blocking acting conservative Prime Minister Mariano Rajoy from building a minority government.
Alfred Olango, the unarmed black man shot and killed by police in a suburb of San Diego, will be remembered in a demonstration Saturday organized by clergy members and supporters of Olango's family. The ...