Germany's Merkel prefers 'new election' option

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News video: Germany's Merkel prefers 'new election' optionAngela MerkelAngela Merkel

Chancellor Angela Merkel said she would prefer a new election to ruling with a minority after talks on forming a three-way coalition failed, but Germany's president told parties they owed it to voters to try to form a government. Scarlett Cvitanovich reports..

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Transcript: Germany's Merkel prefers 'new election' option

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