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"In the federal elections, Angela Merkel and the euro shared a common destiny," remarks Handelsblatt, which interprets the Chancellor’s success as a "reward for her ongoing commitment to the rescue of the single currency."

For the business daily, the curent chancellor’s victory is evidence of the confidence of the German electorate and its acceptance of austerity policies in the crisis stricken countries of southern Europe.

At the same time, Handelsblatt argues that Angela Merkel’s attempt to stifle debate over the risks involved in rescuing the euro was the main reason for the success of the eurosceptic Alternative for Germany, which scored 4.7 per cent of the vote.