Germany flags €10bn in extra investment by 2018
Germany flags
Berlin - SPA
Germany's federal government is to boost investment spending by 10 billion euros (13 billion dollars) between now and 2018 to restore growth to the flagging economy, Finance Minister Wolfgang Schaeuble said Thursday.
According to dpa, Schaeuble added that there would be no increase in federal borrowing to finance the investment.
The news comes as Chancellor Angela Merkel's pro-austerity government faces growing calls from abroad to increase spending to prevent the
eurozone slipping into a fresh recession.
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