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Germany May Spend an Extra 450 Billion Euros in Crisis

Aug.19 -- Germany could spend an extra 50-billion euros in an economic crisis. That’s according to the Finance Minister Olaf Schultz who has put a number on the possible fiscal stimulus for the first time. Germany’s output fell 0.1% in the second-quarter. Fears of a looming recession are pushing Berlin now to consider suspending its balanced budget policy. Bloomberg’s Birgit Jennen reports on “Bloomberg Markets: European Open.”

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