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Germany Boasts Balanced Budget, Resists Euro Zone Stimulus - Yahoo Finance

Berlin had been aiming to achieve the so-called "schwarze Null" (zero deficit) in 2015, but strong tax revenues and lower debt service costs due to rock-bottom interest rates helped it meet the more? info? goal a year early in 2014, the finance ministry said. http://www.kiwibox.com/vargasxvvx/blog/entry/121989177/norway-s-jacobsen-wins-four-hills-ski-jump-yahoo-sports/?pPage=0 Chancellor Angela Merkel's government has rebuffed calls from EU partners led by France and Italy and international organisations such as the IMF and the OECD to spend some of the fiscal windfall on growth-promoting public investment. The announcement came nine days before the European Central Bank may decide to launch large-scale purchases of euro zone government bonds in an effort to boost growth and avert deflation in the 19-nation currency area. Headline inflation fell below zero in December, and core inflation, excluding energy and food, was stuck at 0.7 percent, far below the bank's target of just below 2 percent. Persistent low inflation makes it harder for highly indebted governments and households to reduce the burden. ECB executive board member Benoit Coeure told German newspaper Die Welt that the bank was ready to take a decision when it meets on Jan.
More: http://finance.yahoo.com/news/germany-boasts-balanced-budget-resists-182850363.html

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