Easing the Brake: Is German Finance Minister Watering Down Budget Limits?

10th January 2012, Comments 0 comments

A report in Germany's mass-circulation Bild suggests that Finance Minister Wolfgang Schuble is seeking ways to circumvent a constitutional amendment that will require balanced budgets in the country by 2016. It would give greater flexibility in times of crises, but is likely to raise eyebrows in countries where Germany has ordered further austerity measures.

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