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Germany Moves to Rein In Future Borrowing

Constitution will be changed to ban excess borrowing: Merkel

By Ambreen Ali,  Newser User

Posted Jan 13, 2009 4:17 PM CST

(Newser) – As Berlin rolls out a record $65 billion stimulus package, it's also making excessive government borrowing a constitutional crime. The new amendment—which will limit the national deficit to .5% of GDP "in normal economic times"—is a sign of the government's discomfort...   Read full story »

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