German budget squeeze, the noose tightens
November 21, 2008 at 13:16 PM EST
[Skip to the end] More likely to be higher than expected as the economy deteriorates and credit markets remain problematic. German Budget Squeezed as Crisis Hurts Revenue, Forces Outlays By Brian Parkin German Chancellor Angela Merkel’s government faces revenue shortfalls this year and will have to expand net borrowing in 2009 as the worst economic recession in at least [...]
