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We study exact algorithms for Euclidean TSP in . In the early 1990s algorithms with running time were presented for the planar case, and some years later an algorithm with running time was presented for any . Despite significant interest in subexponential exact algorithms over the past decade, there has been no progress on Euclidean TSP, except for a lower bound stating that the problem admits no algorithm unless ETH fails. Up to constant factors in the exponent, we settle the complexity of Euclidean TSP by giving a algorithm and by showing that a algorithm does not exist unless ETH fails.

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