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Germany deficit may not exceed EU limit

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Germany deficit may not exceed EU limit

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Reports from Germany say the country may be able to keep its deficit down to within EU sanctioned limits this year. Finance Minister Wolfgang Schaeuble has said that borrowing should end up being 10 billion euros less than previously predicted. The Bundesbank has raised growth forecasts, saying the outlook for the German economy has brightened perceptibly. But it warns that unemployment will remain high.