Germany Backs New EU Stimulus Plan

Chancellor Angela Merkel supports a proposal to pump 130 billion euros into Europe's faltering economy

German Chancellor Angela Merkel has thrown her support behind a potential Europe-wide economic stimulus package. Government spokesman Ulrich Wilhelm told the Financial Times Deutschland that "we can imagine a package totalling around 1 percent of the EU's gross domestic product."

To continue reading this article you must be a Bloomberg Professional Service Subscriber.