Germany reportedly intends to add €6B of cuts to an existing austerity program in order to...

|By:, SA News Editor

Germany reportedly intends to add €6B of cuts to an existing austerity program in order to balance its budget by 2014, two years ahead of a previous target. Under its 2013 budget, the government plans to cut new net borrowing to €17.1B from over €28B in 2012.