The argument represents a shift for the incumbent, who having advocated for a more activist central bank early in his presidency, agreed with German Chancellor Angela Merkel last year to stop commenting on the bank's policy.

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It sold shares to western investors, invited Singapore's telecoms incumbent to be a partner, seconded executives from the talent bank, and, after years of losses, now runs the most profitable mobile operator in the country.

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Structure means things like which seats don't have an incumbent running, which party has more Senate seats up for reelection, which party has more money in the bank.

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