Cuts to Iraq's debt won't go much beyond half: German source
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Iraq's debts to the Paris Club of creditor nations will probably not be cut by much more than half, a source close to the German government said.
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Germany looks set to cut its budget overspending back within EU limits for the first time in five years this year, finance minister Peer Steinbrueck has indicated.
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A senior German minister said on  Wednesday that the country, which staunchly opposed the  U.S.-led war to oust Saddam Hussein, could eventually send  troops to Iraq, although he ruled out any such move for now.
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Chancellor Gerhard Schroeder on  Wednesday ruled out sending German troops to Iraq after his  defense minister said a deployment could be possible in the  future.
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A German official said his country would lose about 3,500 jobs and that about 4,500 would be trimmed in France in a cost-cutting effort.
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Germany&#39;s defense minister suggested Wednesday that his country might one day send troops to Iraq, but Chancellor Gerhard Schroeder played down those remarks and said it would not happen.
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Germany slashed its public deficit to 1.7 percent of output in 2006 -- much lower than originally estimated -- thanks to the booming economy, official data showed on Thursday.
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German officials today reaffirmed their policy of not contributing troops to the American-led coalition in Iraq and rejected speculation, prompted by a remark by the
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Germany's finance ministry denied a report in the Welt am Sonntag newspaper that it plans to curb tax rebates for commuters and begin levying taxes on weekend and nighttime work in order to keep the 2005 budget ...
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Administration officials say the Iraqi elections at the end of the month will be less than perfect, but nonetheless will pave the way for a drawdown of U.S. troops.
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Germany's finance minister presented a 2005 budget Tuesday that boosts government spending and foresees record interest payments on the national debt, but still aims to get the country back under European Union deficit limits.
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The top U.S. commander in Iraq on Monday said the number of U.S. troops in Iraq could be cut by next summer to roughly 130,000, its level before this year's "surge" of 30,000 forces, without jeopardizing security improvements.
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The German government will take on an extra 14 billion euros (&#36;17.23 billion) in debt this year because the country's economic upturn so far has failed to boost tax revenue, taking new borrowing to a record level, the finance minister said Wednesday.
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The proposed sale to Iraq&#39;s new armed forces of 20 Fuchs armored personnel carriers and 100 light military trucks and Blair&#39;s speech at his party&#39;s conference dominated German editorials on Wednesday.
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The United States, Germany and other G7 nations have agreed to write-off up to 80% of Iraq&#39;s so-called Paris Club debt. The agreement was made on the sidelines of the G20 meeting of rich and developing nations
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Cuts in U.S. troop levels in Iraq will not derail recent security gains, but the Iraqi government must move quicker to take advantage of the falls in violence, a senior U.S. general said on Sunday.
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Paris - The Paris Club of creditor nations, with the exception of Russia, has reached an agreement in principle to slash debts Iraq owes to the group by up to 80%, a well-placed official said on Sunday.