Germany's fiscal stimulus includes pledge to keep jobs

12/16/2008 | Financial Times (free content)

Early next year, Germany is expected to unveil its second multibillion-euro stimulus, which includes some of the country's largest companies renouncing mass redundancies in exchange for an increase in government subsidies. Chancellor Angela Merkel, Finance Minister Peer Steinbruck and Deutsche Bundesbank President Axel Weber agreed on the scheme's framework, sources said. The plan also includes a massive infrastructure investment.

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