Germany set for record post-war deficit

In 2009 Germany is set to record its largest post-war deficit, Angela Merkel, Chancellor, said on the 27 January 2009 after an emergency meeting of her cabinet approved the government’s €50bn fiscal stimulus and amended the federal budget for 2009.

ESO: Background information: German coalition agrees €50bn stimulus http://www.europeansources.info/record/german-coalition-agrees-e50bn-stimulus/

Deutsche Welle, 28.1.09: Germany Cabinet Approves Rescue Package to Lift Economy http://www.dw-world.de/dw/article/0,,3978553,00.html

---