Economic Downturn: Germany May Abandon Its Beloved Black Zero

Chancellor Angela Merkel is still clinging to her policy of a balanced budget, but it is becoming increasingly clear that Germany’s economic downturn could soon usher in a return to deficit spending. Government ministries are already signaling a willingness to abandoned years of cautious fiscal policy.

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Author: Spiegel.de

Spiegel Online (SPON) is one of the most widely read German-language news websites. It was founded in 1994 as the online offshoot of the German news magazine, Der Spiegel, with a staff of journalists working independently of the magazine. Today, Spiegel Online is the most frequently quoted online media product in Germany. Spiegel Online International, a section featuring articles translated into English, was launched in autumn 2004.