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IW Chief Says Germany Not Doing Enough on Deficit, Welt Reports

Germany is not using the current low interest-rate environment to reduce its budget deficit enough, said Michael Huether, the director of the Cologne-based economic institute IW, Die Welt reported.

Huether said Germany’s 2012 budget could have cut the deficit to 10 billion euros ($13.5 billion), yet the government was not using savings on interest payments to directly reduce the deficit.

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