The Germans have received yet another shock relating to their bad economy. In a press conference in Berlin, Finance Minister Hans Eichel, yesterday (15 May) announced that for the period 2003 to 2006 the German state would take in some 126 bn euro less than was expected.
"We face a situation, of missing taxes up to 2006 corresponding to half of the federal budget," Mr Eichel warned.
"We are continuously living beyond our means," the finance minister said and added there was no alt...
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Already a member? Login hereLisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.
Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.