Sign up to The Irish Times Archive (1859 - 2008)My Account »
Mon 10 Oct 2009Germany commits to €24bn stimulus programme
GERMAN CHANCELLOR Angela Merkel’s new government has dedicated itself to a €24 billion debt-financed gamble to lift Germany out of the worst recession in its postwar history.
After three weeks of negotiations, Dr Merkel will sign a 124-page programme for government that will cut taxes, boost family welfare payments – and keep the German budget in the red for the next four years.
Choose a Subscription type - required
