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Angela Merkel's car scrapping measures have provided a much needed boost to the struggling German economy (Photo: europa.eu)

German scrapping scheme provides glimmer of hope

As citizens around Europe wonder at the amount of money being spent on bank bail-out schemes, one measure at least appears to be having an immediate and tangible effect.

Despite a fall in other EU markets, new car registrations in Germany rose 21.5 per cent in February compared to the same month in 2008, due largely to a scrapping scheme introduced by the government under its second €50 billion stimulus plan announced in January.

German citizens have rushed to avail themselves o...

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Angela Merkel's car scrapping measures have provided a much needed boost to the struggling German economy (Photo: europa.eu)

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