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Germany could miss EU debt target
By EUobserver
The fiscally prudent Germany could miss the EU's debt target of 60 percent of GDP due to a possible downturn in its economy. "Germany has not abandoned to stick to the goal, but recent economic developments mean that this target will be harder to hit", a finance ministry spokesman said Wednesday according to Reuters. Germany has in the past led criticism on overspending by left-leaning governments, for instance, in Italy.