Merkel Eyes Measures to Ward Off Looming German Recession
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Chancellor Angela Merkel’s government is flirting with measures to stimulate growth, reviewing its options amid evidence that Europe’s largest economy risks plunging into recession.
Among plans being discussed is lowering the mandatory pension contribution by 0.6 percentage point, which would funnel 6 billion euros ($7.6 billion) into the economy, said Michael Fuchs, deputy parliamentary leader of Merkel’s Christian Democratic Union in the lower house.