Finally, a German Stimulus Package. Is It Worth It?
Editorial, The Wall Street Journal | January 8 , 2009
Berlin witnessed the end of a stalemate between the Christian and Social Democrats on a 31-billion-euro economic stimulus package, but "Germans may find that the chances of their country's economic recovery were higher when the grand coalition was still paralyzed." ++ An additional 100 billion euros will go to rescue failing companies. ++ Both parties are positioning themselves for upcoming Fall elections, as the CDU plans to add tax cuts to the stimulus. ++ Any agreement will "waste billions on public works projects and bailouts."
