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epa03947707 The economic wise man and president of the German Institute for Economic Research Christoph M. Schmidt (C-L) presents the report of the economic wise men to German Chancellor Angela Merkel (C-R), at the Office of the Federal Chancellor in Berlin, Germany, 13 November 2013. The economic wise men warn against high expenses due to the coalition negotiations. Also in the picture Federal Minister of Finance Wolfgang Schaeuble (L-R), Federal Minister of Labour and Social Affairs Ursula von der Leyen (CDU), Professor of the Otto-von-Guericke Universiy Magdeburg and president of the German Institute for Economic Research in Halle, Claudia M. Buch, Lars Feld of the University of Wuerzburg and Volker Wieland of the Goethe University Frankfurt. EPA/MAURIZIO GAMBARINI