Berlin's Budget Plans German Austerity Program Offers Chance for New Beginning

As Chancellor Angela Merkel's embattled government gets ready to thrash out an austerity program to rein in the budget deficit, fears are growing that stringent cuts might choke off growth and anger voters. But after 50 years of near-continuous spending hikes, there is ample scope for radical savings that would not hurt public services and may even boost the economy.
Von SPIEGEL Staff
Chancellor Angela Merkel and Finance Minister Wolfgang Schäuble

Chancellor Angela Merkel and Finance Minister Wolfgang Schäuble

Foto: ddp