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December 26, 2012

A Secret Austerity Plan for Germany

Reiermann & Sauga, Der Spiegel

AP Photo

The German government and opposition are pledging higher benefits for pensioners, families and the long-term unemployed ahead of elections next year, but Finance Minister Wolfgang Schäuble is secretly planning cutbacks to prepare for a weakening economy and possible fallout from the euro crisis.

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TAGGED: Eurozone, Germany

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