The German government achieved less than half of its planned budget savings in 2011,...

|By:, SA News Editor

The German government achieved less than half of its planned budget savings in 2011, implementing just €4.7B of €11.2B in austerity measures, according to the Cologne Institute. 2012 is getting off to a slow start as well. No word yet on whether an EU/IMF team is headed to Berlin to pore over the nation's accounts.