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Worse and worse: Germany's budget

Article Abstract:

The recession and the costs of reunification have harmed Germany's economy greatly. The federal budget deficit is approximately 60% greater than what was forecast in 1992, and the Deutsch mark is weakening. Finance minister Theo Waigel is considered by many to be overly optimistic.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1993

Budget deficits

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Cutting it fine: German interest rates

Article Abstract:

The Deutsche Bundesbank lowered discount rate further to 7.5%, which will encourage similar measures by other member countries of the European exchange-rate mechanism. Economic indicators show that the Bundesbank's measure is timely.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1993

Prices and rates, Deutsche Bundesbank

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Subjects list: Economic aspects, Germany

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