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Frankfurt/Berlin — Germany’s vice-chancellor has come under renewed pressure from lawmakers over his handling of two financial scandals, hurting his chances of reviving his Social Democrats in the race to succeed Chancellor Angela Merkel in 2021.

Olaf Scholz, the Social Democrat candidate for chancellor, gambled with the party’s centre-left identity by joining a grand coalition with Merkel’s conservatives after the party’s worst post-war electoral defeat in 2017. He hopes to revive its fortunes in an election in which Merkel has said she will not stand...

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