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Germany welcomes EU green light for Lufthansa bailout

Lufthansa's flags flutter in front of a temporary closed First Class Terminal at Frankfurt Airport
Lufthansa's flags flutter in front of a temporary closed First Class Terminal at Frankfurt Airport

BERLIN (Reuters) - Germany's economy and finance ministers on Thursday welcomed the approval by the European Union for a government bailout package for Lufthansa and urged shareholders to approve the deal at a meeting later in the day.

In a joint statement, the two ministers welcomed the EU move, noting the bailout was essential to secure jobs.

"This concerns more than a hundred thousand jobs and Germany's position in world markets," Economy Minister Peter Almaier said.

(Reporting by Emma Thomasson; Editing by Michelle Martin)