German finance ministry, Buba spurn gold sale call

GERMANY - The German Bundesbank and finance ministry on Tuesday rejected suggestions by some government politicians that holes in the public purse could be plugged by the sale of gold and foreign exchange reserves.

"That would be a breach of the (European Union's) Maastricht treaty and would hurt the independence of the Bundesbank," a spokesman for the German central bank told Reuters.

A finance ministry spokeswoman said the government could not decide on the sale of reserves, which were subjec

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