New figures released on Tuesday (24 August) show that Germany is on course to breach the EU's strict budget rules for the third year in a row. Its public deficit soared to four percent of gross domestic product in the first six months of this year.
The German government had already predicted a budget deficit of 3.5% for this year, the third year in a row that it has exceeded the 3% limit set by the EU's growth and stability pact.
A separate report from the Federal statistics offi...
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