Saturday, November 12, 2005

German road clears for grand coalition


- Christo?
- Merkel-Müntefering's savings package!!

Germany's two major political parties agreed on a 35 billion euro package of tax increases and spending cuts to reduce the budget deficit and lower the cost of labor, paving the way for the first grand coalition at the federal level in 39 years.

More: International Herald Tribune

- Cartoon by Oliver Schopf for Der Standard (Vienna)

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