Merkel prohibits tax cuts till 2012
After the German conservatives were pretty eager in the past days to proclaim new tax cuts, new estimates numbered the dropouts in tax income for Germany at 50bio€ (350 bio € till 2013 for lower wages for the crisis - click link). The estimates were published yesterday. So, the only thing Merkel can do is to hit the brakes. But its an embarassing move after she proclaimed tax cuts 3 days ago.
c article from 11-may-9:Merkel accused of populism for triggering new tax cuts
She even commanded her party to shut up concerning tax cuts
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