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German Finance Minister says Germany needs to reduce dependence on the US and silicon valley; after one year, EUR 50bln of the EUR 500bln special budget has already been allocated

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Germany's Finance Minister urged reducing dependence on the US and Silicon Valley, noting EUR 50bln allocated from the EUR 500bln budget and attributing bond turmoil to Iran.

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Turmoil being seen in bond markets is related to Iran war.

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