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