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I don't recognize this new brand of Republicanism that's afoot now, which I consider to be very reactionary, not conservative in many respects.

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Jacques Santer

There could be some compromise, but I think we have to stick to the provisions of the treaty, and the provisions of the treaty are saying that the president is appointed for a mandate of eight years time. I think it would be very damaging for the European Central Bank if there would be a splitting of this mandate.