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Germany new borrowing at 22bn euros in 2011

Published November 10, 2011 Updated November 10, 2011 01:37pm

The parliamentary budget committee, which meets on Thursday for its final budget meeting, will likely lower next year's net new borrowing plans to 26 billion euros from 27.2 billion, the sources said.

Germany's Bundestag lower house of parliament will sign off the 2012 budget at the end of the month.

Copyright Reuters, 2011