Stimulating the World Markets
How five countries plan to stimulate their sagging economies
The Germans have an obsession with fiscal and monetary prudence born of past economic disaster. In November they approved a €23 billion ($30 billion) combination of tax holidays, subsidies and infrastructure investments. Now Chancellor Angela Merkel is adding another €50 billion ($65 billion), which includes reductions in health-care contributions and tax breaks for those who buy new cars. Over two years, these plans together add up to about 1.5% of GDP — much smaller than the U.S. stimulus.
See pictures of Germany's polar bear celebrity.
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