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Germany's Economy on the Mend: Berlin Budget Deficit Much Lower than Expected - SPIEGEL ONLINE - News - International
GERMANY'S ECONOMY ON THE MEND
Berlin Budget Deficit Much Lower than Expected
With tax revenues pouring into German coffers faster than expected, 2010 budget deficit forecasts have been revised downward. Berlin may need 37 billion euros less credit than forecast over the next two years -- a fact that may increase US pressure on Berlin to abandon austerity.
GERMANY'S ECONOMY ON THE MEND
Berlin Budget Deficit Much Lower than Expected
With tax revenues pouring into German coffers faster than expected, 2010 budget deficit forecasts have been revised downward. Berlin may need 37 billion euros less credit than forecast over the next two years -- a fact that may increase US pressure on Berlin to abandon austerity.