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

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.
Von Ralf Beste, Christian Reiermann und Merlind Theile
The Chancellery in Berlin: Angela Merkel and Finance Minister Wolfgang Schäuble are trying to plug the gaps in Germany's budget.

The Chancellery in Berlin: Angela Merkel and Finance Minister Wolfgang Schäuble are trying to plug the gaps in Germany's budget.

dpa
Translated from the German by Christopher Sultan