Germany plans 5-6 bn euros in more cuts by 2014
- Published: 4 Jan 2013 at 15.45
- Online news: World
The German government is eyeing 5.0-6.0 billion euros ($6.5-7.8 billion) in additional spending cuts in 2014 in a bid to balance the government budget, a newspaper reported on Friday.
Demonstrators raise banners during an anti-austerity protest on November 14, 2012 in front of the Brandenburg Gate in Berlin. The German government is eyeing 5.0-6.0 billion euros ($6.5-7.8 billion) in additional spending cuts in 2014 in a bid to balance the government budget, a newspaper reported on Friday.
The regional daily Rheinische Post quoted the deputy chief of the conservative CDU party, Michael Meister, as saying: "If we want to reach the so-called structural zero in 2014, we must close a gap of around 5.0 billion euros.
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