Atlanta, Ga. 1/13/2009 11:31:24 PM
News / Finance

German Chancellor Angela Merkel Unveils Stimulus Plan for Economic Recovery

German Chancellor Angela Merkel has unveiled a comprehensive stimulus plan that would place government money in roads, schools and railways as well as provide tax relief opportunities as a means of breathing air into Germany’s struggling economy.

 

Merkel proposed the $67 billion package to combat a growing recession that has claimed several businesses and given rise to increased unemployment numbers.

 

While many are in favor of Merkel’s proposal there are those who say it does not address the main problem Germany is facing, a falling demand for German products in the global market.

 

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