August 25, 2010
There are countries that would love a budget deficit for this year as low as 3.5% of GDP. Britain (11.5%), Spain (9.4%%), Greece (8.1%) and France (7.8%) can only dream.
In Germany it's a reality, according to official figures published on Tuesday. Even that modest figure represents a doubling of the country's deficit for the first half of this year, when compared to the same period last year. It rose from €18.7 billion ($23.7 billion) to €42.8 billion.
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