German parties in coalition talks agree to stick to balanced budget

Reuters News
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Posted: Oct 24, 2017 6:18 PM

BERLIN (Reuters) - Politicians from four German parties seeking to form a coalition government agreed on Tuesday to stick to the policy of balanced budget, a document seen by Reuters showed.

Chancellor Angela Merkel's Christian Democrats, their Christian Social Union Bavarian allies, the Greens and the pro-business Free Democrats also agreed to explore at later talks what fiscal flexibility they have to fund investments and tax cuts.

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(Reporting by Andrea Rinke; writing by Joseph Nasr)