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Angela Merkel has come under fire for her slow reaction to the global crisis (Photo: The Council of the European Union)

Berlin plans stimulus package 2.0

The German government is working on a second stimulus package worth "at least" €30 billion, but no decision will be taken until the end of January, when US president-elect Barack Obama is sworn in.

Economy minister Michael Glos discussed a second package during a seven-hour meeting on Sunday between cabinet members and around 30 representatives of industry, trade unions and banks.

Chancellor Angela Merkel, for a long time under fire for not having responded swiftly enough to the f...

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Angela Merkel has come under fire for her slow reaction to the global crisis (Photo: The Council of the European Union)

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