Plans for Sweeping Cuts: Germany Tries to Plug Gaping Hole in Its Budget

26th May 2010, Comments 0 comments

The task of putting together next year's budget is presenting German Chancellor Angela Merkel with a huge challenge. The government urgently needs to cut costs in order to comply with the country's new debt ceiling rule and to help stabilize the euro. The chancellor wants to set an example for Europe on how best to cut costs.

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