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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Crimson Ghost who wrote (3637)12/19/2003 8:48:03 AM
From: Haim R. Branisteanu  Respond to of 110194
 
European Economies: German Parliament Passes Tax, Welfare Cuts

Dec. 19 (Bloomberg) -- Germany's parliament passed laws bringing forward tax cuts worth 8.9 billion euros ($11 billion), curbing jobless benefits and easing rules on firing in a bid to underpin a recovery in Europe's largest economy.

quote.bloomberg.com

Germany is about 1/4 of US so the tax cut is the equivalent of $44 billion compared to the US.